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ELON-SOL on Raydium: High-Risk Token with Low Liquidity and Concentrated Ownership
The cryptocurrency ELON-SOL is presently trading on Raydium with a very low price of $0.00000003, a market capitalization of only $289, and a liquidity of $28. The total supply is 10 billion tokens. The token's security features include mutable metadata, with no mint or freeze authority. Ownership distribution is heavily concentrated, with nearly 5% held by a few addresses. The risk assessment labels it as "risky" due to 100% of the token supply being sent to other addresses by the deployer, a market cap to liquidity ratio of 10, and low liquidity. Fraud or rug pull possibilities are high given these factors.
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AI Analysis
The ELON-SOL token present on Raydium exhibits several red flags that typically concern cautious investors. Firstly, the low price combined with extremely low liquidity of $28 indicates a fragile mark...
AI Recommendation
Given the analysis, it is advisable to avoid investing in ELON-SOL on Raydium. The high risk associated with its concentrated ownership, extremely low liquidity, and the potential for malicious activi...
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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