High-Risk Pi Network Token on Raydium Raises Caution

The Pi Network token listed on Raydium presents a notably high risk profile, primarily due to its security and liquidity concerns. With 100% of the token supply sent to other addresses by the deployer and a very low liquidity of only $318, the potential for manipulation and sudden price swings remains significant. The lack of mint and freeze authorities further contributes to vulnerability. Its market cap is minimal at $3.2K, and the liquidity-to-market-cap ratio suggests instability. The mutable metadata adds another layer of concern regarding transparency and trustworthiness. Overall, these factors imply that investing or trading in this token should be approached with extreme caution, and it is advisable to avoid involvement until a more stable and transparent structure is confirmed.