Caution Advised for $lore Listing on MoonX Due to Low Liquidity and High Concentration Risks

The recent listing of $lore on the MoonX platform presents a very modest current market cap of $34,760 and a very low price of $0.0000348, with 309 holders involved. The on-chain data indicates no recent smart money trades, and the developer wallet holds 4.30 SOL with top 10 holders controlling 45.85% of the supply. Caution is advised as this asset could be highly volatile and potentially risky, especially given the absence of honeypot permissions and other risk factors. Investors should conduct thorough research, avoid emotional decisions, and be aware of potential scam tactics such as rug pulls. Given these factors, it is important to approach this token with a high level of skepticism and only consider investing if one performs extensive due diligence and is prepared for a highly speculative asset.

Market Entry for $lore: Caution and Due Diligence Recommended