Analysis of the Risky Tiktok Token on Raydium

The Tiktok token on Raydium is characterized by a very low price of $0.00000291 and a modest market cap of $2,900, with liquidity of only $290. The total supply is quite high at 1 billion tokens. Its security features include mutable metadata, no mint or freeze authority, and a significant 100% of tokens transferred from the deployer, which raises notable concerns. The distribution of token holdings shows that nearly 5% are held by a few addresses, and the token is rated as risky due to low liquidity, high supply, and presences of mutable metadata. These factors suggest high volatility and potential for manipulation, typical of many early-stage or speculative tokens. Given the high risk, careful consideration and thorough due diligence are advised before engaging with this token.