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ELON

High-Risk Official Elon Coin Listed on Raydium

ELON-SOL is currently available on Raydium and is identified as the Official Elon Coin. It has a very low price at $0.00000004, with a market capitalization of only $448 and liquidity of $44. The total supply amounts to 10 billion tokens. The token exhibits features like mutable metadata, and it lacks a mint or freeze authority. Ownership is distributed among several sources, with the largest holder controlling just under 5%. The overall risk rating is high, primarily because 100% of the token supply was transferred by the deployer, and its market cap-to-liquidity ratio is 10, indicating low liquidity. The description states it's the 'Official Elon Coin,' but the risk factors and mechanics suggest caution.
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AI Analysis

The ELON-SOL token is listed on Raydium, a decentralized exchange platform, and is branded as the 'Official Elon Coin.' Despite its promotional description, significant risk factors are evident. The c...

AI Recommendation

Given the high-risk rating, limited liquidity, and centralized ownership concerns, it is advisable to maintain a cautious stance on ELON-SOL. For traders, only consider small, manageable positions if ...

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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