risky
Furfication token on Raydium: High risk, low liquidity
Furfication is currently trading on Raydium with a price of $0.00000287, a market cap of $2.9k, and liquidity of $287. The total supply amounts to 1 billion tokens. Accessed via Raydium, this token is marked as risky due to several factors: 100% of the token supply was transferred to other addresses by the deployer, indicating potential security concerns; the liquidity is very low, at only $287; and the token has mutable metadata, which adds to the risk profile. Additionally, the market cap to liquidity ratio stands at 10, suggesting limited trading stability. The distribution shows that less than 5% of the tokens are held by the top holders, but the lack of security measures and the high transfer activity raise red flags. Investors should approach with caution and consider these risk factors before engaging.
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AI Analysis
The Furfication token, listed on Raydium, exhibits characteristics typical of risky tokens in the decentralized finance (DeFi) space. Among the critical issues is that 100% of its supply was transferr...
AI Recommendation
Given the high-risk attributes identified, the most prudent action is to avoid investing in Furfication at this time. The combination of low liquidity, insecure transaction history, and lack of robust...
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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