High-Risk Bounce on Raydium: Caution Advised

Bounce-SOL is currently operating on Raydium with a very low price of $0.00000060, a market cap of just $596, and liquidity of $1.2K. The total supply stands at 1 billion tokens. Notably, a significant 90.2% of the token supply was transferred to other addresses by the deployer, indicating high insider distribution. The token's security features are limited, with no mutable metadata, mint, or freeze authority. The holder distribution is predominantly held by a single address (89.97%) and Raydium AMM (9.80%). With a risk rating marked as risky and a low liquidity-to-market cap ratio, caution is advised. The project’s description hints at a resilient attitude, yet the overall data suggests considerable risk. Investors should be wary of potential liquidity issues and the concentrated holder base, which could lead to price manipulation or sudden sell-offs.