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High-Risk LABUBU Token Listed on Raydium: Caution Needed
The LABUBU token is currently listed on Raydium, with a very low price of $0.00000003, a market cap of $313, and liquidity of just $31. The total supply is 10 billion tokens. The token has mutable metadata, with no mint or freeze authority. About 5% of the tokens are held by a few addresses, indicating a somewhat centralized distribution. The risk rating is high, as the entire token supply was sent to different addresses by the deployer and the market cap to liquidity ratio is quite high at 10. This suggests potential liquidity issues and significant risk of rug pulls. Given these factors, caution is advised for investors considering this token.
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AI Analysis
The LABUBU token's recent listing on Raydium brings attention to its extremely low price point and limited liquidity, which are common red flags in the cryptocurrency space. A market cap of only $313,...
AI Recommendation
Given the high-risk factors associated with LABUBU, it is advisable to proceed with extreme caution or avoid investing until the project demonstrates improved security measures and liquidity support. ...
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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