risky
ELON Coin's Risky Listing on Raydium Raises Security Concerns
The ELON Coin (ELN-SOL) is currently listed on Raydium and presents a notably high risk profile. It has a small market capitalization of approximately $20.8k and scalability is constrained by a liquidity of $29.2k. The total token supply exceeds a billion, with the majority of tokens, about 69.82%, held by Raydium's Automated Market Maker (AMM), which could impact decentralization and trading stability. An unsettling aspect is that over 30% of the tokens were transferred from the deployer, indicating possible vulnerability or future dilution. Despite this, the liquidity is relatively good, but the ratio of market cap to liquidity stands at a low 0.7, signaling potential issues in liquidity management and price stability.
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AI Analysis
The ELON Coin (ELN-SOL) is an emerging token on the Solana network, listed on Raydium with specific characteristics that suggest caution. Its market cap is minimal, around $20,800, which is typical fo...
AI Recommendation
Investors should exercise extreme caution with ELON Coin given its high-risk rating. The significant token concentration among the majority holder (Raydium AMM) poses threats to market stability and c...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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