Bonk Monkey SOL Surges 110%, High Volatility and Concentration Risk

A bonk monkey (xiaobao) SOL is currently trading at a very low price of $0.000227582. Over the past 24 hours, the price has surged by 110%, with trading volume reaching $7.82K. The market capitalization stands at approximately $15.7K, with significant holder concentration, as the top 10 holders control 65.65% of the supply, worth about $10.3K. The token has experienced an all-time high of $326 two weeks ago, which is about 20.8 times its current value. The project is relatively new, just two weeks old, with 279 holders. Notably, the token's liquidity remains largely inaccessible (80% burnt), and it is renounced with no minting enabled. Given these factors, the trading activity indicates short-term volatility, but concern remains over the low liquidity and concentration risk.