Is this a flaw?

summer 71

O.G.
Aug 9, 2007
848
78
IMG_0261.JPG IMG_0263.JPG I got this jet set tote for my daughter and noticed that when i hang the bag the leather bunches up around the hole that is punched on the strap but if i set the bag down its absolutely fine. Do u think the leather might rip off from this place over time or is this a natural thing. Thanks.