High-Risk Elon Token Listed on Raydium Raises Security Concerns

ELON-SOL is currently listed on Raydium, with a very low market cap of only $323 and minimal liquidity of $32, indicating high risk. The token, named Official Elon Coin, has a total supply of 10 billion tokens, but 100% of the supply was transferred by the deployer, which raises significant security concerns. The token's metadata is mutable, and there is no mint or freeze authority, further emphasizing potential unpredictability. The distribution of token holdings is heavily concentrated among a few addresses, and with such low liquidity, the risk of price manipulation and liquidity crashes is high. Given the high-risk rating, the token appears highly speculative and not suitable for cautious investors.