High-Risk NTHNG-SOL on Raydium: Promises Nothing

The token NTHNG-SOL is operating on Raydium. It has a current price of $0.00004754 and a market capitalization of $40,800. The total supply includes 858 million tokens, with a liquidity of $6,400. The token's security features show no mutable metadata, mint authority, or freeze authority. Significant holdings include 36.23% held by Raydium AMM, 34.97% by another address, and 28.27% by a third, with very minimal holdings elsewhere. The risk rating for this asset is high due to 63.8% of the supply being transferred away from the deployer and a relatively low liquidity ratio of 6.4. The project describes itself as "The most honest token in crypto," promising nothing but offering the token called "Nothing." The associated links include Raydium, DexScreener, Solscan, and others. Overall, this token appears highly risky, with substantial centralization of holdings and limited security safeguards.