Elon Coin’s Launch Amid High Risks and Low Security

Elon Coin has been recently launched with a market cap of approximately $292 and a very low liquidity of $29.20, representing about 10% liquidity relative to its total value. The price per token is approximately $0.0000292. The coin's security features show mutable metadata, no mint or freeze authority, and unburned liquidity pools, which could raise concerns about the token's stability and security. The top holders are concentrated among a few wallets, with the largest holding nearly 5% of the total supply. Notably, 95% of the supply was transferred by the creator to other wallets, which raises red flags about potential centralized control or future sell-offs. The overall score assigned to Elon Coin is "Bad" with a low liquidity and significant holder concentration. The token's mutable metadata and creator’s substantial transfer of tokens suggest high risk and potential for manipulation or rug pulls. Given these factors, caution is strongly advised when considering involvement with Elon Coin. Its current security profile and distribution structure imply high volatility and risk of loss.