ChatGPT Token on Raydium: Highly Risky Play Amid Low Liquidity

ChatGPT-SOL is currently trading on Raydium with a very low price of $0.00000318 and a small market cap of $3.2K. The token's total supply is 1 billion, but it has high risk factors, including that 100% of the supply was transferred to other addresses by the deployer, indicating a potential rug pull risk. Liquidity is only $317, and the liquidity-to-market cap ratio is 10%, which is quite low, raising concerns about market robustness and ease of trading. The token has some security features like mutable metadata but no mint or freeze authority, yet its risk profile remains high. The distribution shows the majority of tokens are held by a few addresses, which could lead to manipulation. Overall, this token is considered risky and not suitable for cautious investors due to the potential for rug pull, low liquidity, and high concentration of holdings.