ELON Meme Coin Launch Sparks Security Concerns

The official ELON Meme Coin has been launched very recently with a market cap of approximately $268.76 and a liquidity of $26.88, which is roughly 10% of the supply. Its price currently stands at roughly $0.000027, indicating a highly speculative asset. The coin features mutable metadata, while it lacks a mint authority and freeze authority, raising concerns about its security and control. The top holders own a small percentage of the total supply, with 95% of the tokens sent to other wallets by the creator, hinting at a potential rug risk. The overall score is "Bad" with a risk indicator of three red signals, specifically citing very low liquidity, significant token allocation to the creator, and mutable metadata. Caution is advised, and further analysis of the development activity and holder distribution is recommended before considering any investment or promotion.