High-Risk LABUBU-SOL Token on Raydium

LABUBU-SOL is currently listed on RAYDIUM with a very low price of $0.00000295 and a market cap of $2,900. The token has a total supply of 1 billion units and a liquidity of only $294, which indicates high risk. Notably, all of the token supply was sent to addresses by the deployer, suggesting a potential rug pull or scam risk. The token's security features include mutable metadata, and it has no mint or freeze authority. The distribution among holders is sparse, with the largest holder controlling a small percentage. Given these factors, LABUBU-SOL is classified as a high-risk token, primarily due to its extremely low liquidity, the high percentage of tokens held by the deployer, and mutable metadata which could facilitate malicious activities. Investors should approach such tokens with caution, understanding that the likelihood of drastic price swings or rug pulls is significantly increased. Overall, this token appears to present substantial risks and is not suitable for cautious investors or those seeking stable returns. Its profile aligns more with speculative trading rather than long-term investment.