Elon Coin (ELONCOIN) on Raydium: High-Risk with Low Liquidity

Elon Coin is currently listed on Raydium with a very low price of $0.00000003 and a market capitalization of only $296. The token has a total supply of 10 billion and a liquidity of just $29. The security features include mutable metadata with no mint or freeze authority, and the token distribution appears highly concentrated, with nearly 5% held by a few addresses. The overall rating assigns a high risk to this token, mainly because 100% of the supply was sent to other addresses by the deployer, pointing to potential vulnerabilities or malicious intent. Given its low market cap, minimal liquidity, and risky status, cautious consideration is advised for potential investors.