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High-Risk LABUBU Token on Raydium Sparks Caution
The LABUBU token is currently trading on RAYDIUM with a price of $0.00000294, a market capitalization of $2.9K, and a total supply of 1 billion tokens. Its liquidity stands at $293, indicating very low liquidity. The token's supply was sent entirely to different addresses by the deployer, which raises concerns about security and trustworthiness. Additionally, the project has mutable metadata, with no mint or freeze authority, further complicating validation and potential manipulation. With a significant portion of the supply scattered across various addresses and low liquidity, the risk level is rated as high. The project links include Raydium, Solscan, and other analytical tools, but overall, caution is advised when considering this token for investment.
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AI Analysis
The LABUBU token's presence on Raydium suggests an entry into the decentralized liquidity pools of the Solana ecosystem. However, its low market cap of just $2.9K and minimal liquidity of $293 indicat...
AI Recommendation
Given the high-risk nature of LABUBU, it is advisable to avoid investing in this token until more transparent and secure developments are presented. If one is interested in participating in similar De...
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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