strong buy

Elon Musk-themed Cryptocurrency Scores Poor Security and Low Liquidity

The official Elon Musk cryptocurrency currently shows a market cap of $294, with a very low liquidity of $29.40, representing 10% of the total supply introduced at 0.1 SOL plus a 5% fee. The token price is approximately $0.00002794. Security features include mutable metadata, but it lacks mint and freeze authority and has not burned liquidity pool tokens. Top holders are heavily concentrated with one holding nearly 5%, while others hold less than 1%. The overall risk score is poor, rated 3, with a very low liquidity and the creator having transferred 95% of the total supply to other wallets. Mutable metadata adds an additional layer of concern for transparency and security.
Source available for registered users Sign Up Free

AI Analysis

The recent data on the Elon Musk-themed cryptocurrency presents a series of red flags for investors. With a market cap of just $294 and liquidity of only $29.40, the asset remains highly illiquid, whi...

AI Recommendation

Given the current assessment, it is advisable to avoid investing in this Elon Musk-themed cryptocurrency until significant improvements occur. The poor security practices, low liquidity, and high conc...

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.

You might also be interested in: