Early Alert: New Solana Token $SNAKEBOARD Shows Minimal Activity and High Centralization Risks

The new token $SNAKEBOARD on Solana is currently in its infancy with a market cap of approximately $36,430 and a very low price of $0.0000364. Only 20 holders are tracked so far, indicating very early adoption or minimal distribution. The project started on June 4, 2025, and during recent monitoring, no recent 'smart money' trades have been observed, although large developer holdings and a significant share held by the top 10 investors suggest centralization risks. On-chain data shows no honeypot or blacklisting issues, but the developer's wallet contains a substantial balance of 144.82 SOL, which warrants caution regarding potential rug pulls or pump-and-dump schemes. The absence of social media presence (Twitter, Telegram, Website) also limits transparency and community engagement. Investors should be extremely cautious with such early-stage tokens, especially with a low market cap, high developer concentration, and lack of external validation. Due diligence is critical here, and one should be prepared for high volatility and the risk of scam tactics common in new crypto launches. Given the current data and inherent risks, this token is suitable for speculative trading rather than investment. Monitoring for further developments, community feedback, and additional on-chain metrics is recommended before considering entry or additional exposure.