High-Risk, Low-Liquidity Crypto Token LABUBU Raises Serious Concerns

The asset, LABUBU, has a very small market capitalization of only $2,910 with a liquidity of just over $291, which is quite low. The token's price is extremely minimal at $0.000002911. Notably, the majority of the token supply, about 95%, has been transferred to various wallets by the creator, indicating a highly centralized ownership structure and potential for market manipulation or liquidity issues. The token features mutable metadata, adding an element of uncertainty, and there is no authority to mint or freeze tokens, which may raise concerns about control and security. The score assigned to this asset is poor (3), reflecting high risk, and significant risk factors include the creator transferring most tokens to other wallets and low liquidity. For investors, this token appears highly speculative and risky, with considerable concerns about transparency and security that outweigh potential gains.