High-Risk Dogelon Token Trading on Raydium Amid Low Liquidity and Transparency Concerns

Elon-Sol is currently trading on Raydium with a price of $0.00000003 and a market cap of just $280, indicating a highly speculative asset. The token’s liquidity is extremely low at only $28, and the deployment shows that 100% of the token supply was transferred to other addresses, which raises concerns about transparency and potential rug risks. The token has mutable metadata and no authorities to freeze or mint, adding further risk factors. With only a small percentage of holders controlling significant portions, the potential for manipulation exists. Overall, this token is marked as highly risky, suggesting traders should exercise extreme caution when considering involvement.