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High-Risk LABUBU Token on Raydium Raises Alarm Amid Low Liquidity
LABUBU is currently trading on Raydium with a very low price of $0.00000294 and a modest market cap of $2.9k. It has a circulating supply of 1 billion tokens. The token exhibits several security concerns, including mutable metadata and complete loss of control over minting and freezing rights, suggesting potential vulnerabilities. A significant 100% of the token supply has been transferred to various addresses by the deployer, indicating a high-risk profile. Liquidity is quite low at $294, further elevating the risk, and the market cap-to-liquidity ratio is unfavorable at 10.0, which could lead to high price volatility. Multiple stakeholders hold small amounts, but the overall risk assessment is high. This token's profile points to considerable volatility and potential for rug pulls, given the high transfer of tokens by the deployer and adjustable metadata.
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AI Analysis
The LABUBU token on Raydium presents a high-risk investment scenario. The fact that 100% of the token supply has been transferred to various addresses by the deployer signals a potential exit scam or ...
AI Recommendation
Given the high-risk indicators associated with LABUBU, it is advisable for investors to approach this token with caution. It may be prudent to avoid making significant investments in tokens that have ...
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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