strong buy
High-Risk Official Musk Token Surges on Raydium Amid Concerns
The token OFFICIAL MUSK is currently trading on Raydium at a very low price of $0.00000010 with a market cap of just $994 and liquidity of $99. The total supply is 10 billion tokens. A notable concern is that 100% of the token supply was sent to other addresses by the deployer, indicating a high risk of rug pull. The token's security features include mutable metadata, with no mint or freeze authority, which further adds to the risk profile. The token's market cap to liquidity ratio is high at 10, potentially limiting trading volume and stability. Multiple holders possess small, concentrated ownerships, with the largest holder controlling around 4.98%, suggesting possible centralization. Overall, the token is rated as risky due to the high potential for malicious activity and low liquidity. Investors should be cautious and conduct thorough due diligence before considering any engagement.
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AI Analysis
The OFFICIAL MUSK token listed on Raydium presents several red flags rooted in its distribution and security features. Notably, the complete transfer of token supply by the deployer raises alarms abou...
AI Recommendation
Given the high risk profile, the prudent approach is to avoid investing in or trading this token until more transparent and secure features are confirmed. The complete transfer of tokens by the deploy...
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.