High-Risk SpaceX Token on Raydium Sparks Security Concerns

The SpaceX token on Raydium is currently priced at $0.00000372 with a market capitalization of $3,700, and a total supply of 1 billion tokens. The liquidity stands at $372, which is quite low, indicating potential difficulty in executing large trades without influencing the price significantly. The token was created recently, and all tokens were transferred to other addresses by the deployer, a strong indicator of high risk. The token has mutable metadata, providing some flexibility but also adding to the security concerns. Holder distribution shows a few addresses holding small percentages, which could imply a dispersed ownership structure. The rating is classified as risky due to the high likelihood of rug pulls, given the entire supply was moved from the deployer, and the market cap to liquidity ratio is high. Overall, the SpaceX token on Raydium presents considerable risks related to security and liquidity. The token's structure and history suggest it may not be suitable for cautious investors and could be highly volatile.

High-Risk SpaceX Token on Raydium Raises Security and Liquidity Concerns

The SpaceX token listed on Raydium, with a current price of $0.00000372 and a market cap of approximately $3,700, exhibits significant red flags. Its low liquidity of only $372 largely limits trading flexibility and increases vulnerability to price manipulation. The fact that 100% of the supply was transferred by the deployer is a major warning sign, indicating potential for rug pulls or malicious activity.

Furthermore, the token's mutable metadata state adds an extra layer of insecurity, making its integrity questionable. The concentrated ownership among a few addresses also suggests that control might be in the hands of a small group, which could influence the market or orchestrate exit scams.

Investors should be cautious when considering this token, given its high-risk classification. The combination of poor liquidity, recent deployment, and transfer of all tokens away from the deployer warrants careful scrutiny and potentially abstaining from investment until more transparent, stable developments are seen.