High-Risk Bounce-SOL Token on Raydium Raises Concerns

Bounce-SOL is trading on Raydium with a price of $0.00000060, a market cap of $596, and liquidity of $1.2k. The total supply stands at 1 billion tokens. Notably, 96.2% of the token supply was moved to different addresses by the deployer, signaling high risk. The token is characterized by low liquidity and a market cap to liquidity ratio of only 0.5, which indicates significant volatility and potential instability. The holder distribution shows that a large portion of tokens is held by a few addresses, with one holding 43.33%. The project displays no security features like mutable metadata, mint, or freeze authority, which further increases risk. Overall, Bounce on Raydium appears highly risky, largely due to poor distribution and low liquidity.