High-Risk SpaceX-SOL Token on Raydium Displays Low Security and Liquidity

SpaceX-SOL is currently trading on Raydium with a very low price of $0.00000009 and a market cap of just $892. The token has a total supply of 10 billion and a liquidity of $89, which is quite low considering its market cap, indicating high risk. The token’s security features include mutable metadata, but it lacks mint and freeze authorities, suggesting limited control. About 5% of the total token supply is held by four addresses, with the rest likely dispersed. The overall risk rating is high, mainly because 100% of the token supply was transferred from the deployer, raising concerns about potential rug pulling or illegitimate behavior. The low liquidity further exacerbates the risk, making this a highly speculative investment. Given the security vulnerabilities and the risk rating, caution is advised for anyone considering investing in SpaceX on Raydium. It is crucial to conduct thorough due diligence before proceeding with any transaction involving this token.