Cat Of Solana (CAT) on Raydium: High-Risk Meme Token with Community Appeal

Cat Of Solana (CAT) is a meme token built on the Solana blockchain, boasting a market capitalization of $20.1 million and a liquidity of $48.3 thousand. The token has a wide total supply of 1 billion, with a significant portion (98.4%) held by addresses other than the deployer, indicating potential distribution issues. The market cap-to-liquidity ratio is high at 416.7, signaling possible trading risk. The token's security features are limited, with no mutable metadata or authorities for minting and freezing, which raises concerns. Despite its community-driven and energetic branding aligned with Solana's scalability, the high risk rating suggests investors should proceed with caution due to the distribution and liquidity indicators. The presence of automated sniping tools like Magnum Bot highlights trading activity but also adds to speculative risks. Overall, CAT-SOL on Raydium appears highly risky and should be approached with prudence.