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High-Risk Furfication Token Listed on Raydium with Low Liquidity
The token Furfication (B9Zbg2hWjLNLdUDXGp3L7YRjTXwQXS2xnHtZiXZQTAp5) is currently listed on Raydium, with a very low price of $0.00000334 and a total market cap of $3,300. The liquidity stands at just $333, which indicates a limited trading volume and potential difficulty in executing substantial transactions without affecting the price. The token has a total supply of 1 billion units, with nearly 5% held by a small set of addresses, and no authorities allowing for minting or freezing, which might imply limited control over the token's supply. The token is rated as risky due to 100% of the token supply being sent out by the deployer, and it exhibits a high market cap to liquidity ratio of 10, alongside mutable metadata, potentially indicating less security and higher vulnerability to manipulation. Given the above factors, the token seems highly speculative and carries significant risk for investors.
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AI Analysis
The listing of Furfication on Raydium introduces a new player to the decentralized exchange ecosystem. However, the token's low market cap at $3,300 and liquidity of only $333 raise immediate concerns...
AI Recommendation
Considering the high-risk profile, it is advisable to avoid investing in Furfication at this time. The combination of low liquidity, centralized token distribution, mutable metadata, and high market c...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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