Furmula on Raydium: High-Risk Low-Price Token with Deployer Transfer Concerns

The token Furmula (FURM-SOL) is currently listed on Raydium with a very low price of $0.00000291 and a modest market cap of $2,900. The liquidity available is only $290, indicating a high risk due to limited trading depth. A significant 100% of the token supply has been transferred to other addresses by the deployer, which heightens security concerns. The token features mutable metadata, and there are no authorities for minting or freezing, adding further uncertainty. The distribution shows that five addresses hold small percentages, with the largest holding 4.83%. The overall risk level is rated as 'risky', primarily because of the high token transfer activity by the deployer and the low liquidity. The presence of various links like Raydium, RugCheck, and Solscan suggests that due diligence can be performed; however, the security issues and low liquidity indicate potential for high volatility and risk. Investors should remain cautious and conduct comprehensive research before considering any engagement with this token, especially given the high risk factors involved and the fact that a large portion of the tokens has been moved by the deployer, which could lead to significant price manipulation or exit scams.