weak buy
Furfication on Raydium: High-Risk, Low-Liquidity Meme Token
Furfication is currently listed on Raydium with a very low price of $0.00000304 and a small market cap of $3,000. The token has a total supply of 1 billion and a market cap to liquidity ratio of 10, indicating limited liquidity of $304. The token's security features include mutable metadata, but it lacks mint and freeze authorities. Notably, all tokens were sent to various addresses by the deployer, which raises concerns about its stability and trustworthiness. With over 100% of tokens moved from the deployer and a high risk rating, caution is advised before considering investment or participation. The token's description and external links suggest it is still in a very early or experimental stage, emphasizing the speculative nature. The project promotes joining an alpha test to receive free SOL, likely aiming to attract initial users despite the risky profile.
Source available for registered users Sign Up Free
AI Analysis
The listing of Furfication on Raydium comes with several red flags that warrant a cautious approach. The token's market cap of only $3,000 and a liquidity pool of just $304 indicate an extremely fragi...
AI Recommendation
Given the information, the safest approach is to avoid investing or engaging with Furfication at this stage. The high risk associated with such a low market cap, minimal liquidity, and the transfer ac...
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:
strong buy