High-Risk SpaceX Token Prompts Caution on Raydium

The token SpaceX-SOL has been introduced on RAYDIUM with very high risk factors involved. It has a minimal market cap of $289 and very low liquidity at $28, with a total supply of 10 billion tokens. The token features mutable metadata, which adds to its inherent risks, and there is no mint or freeze authority established, indicating potential vulnerabilities. Ownership distribution shows that nearly 5% of tokens are held by a few addresses, and the entire token supply was transferred from the deployer to different addresses, which raises red flags about the potential for rug pulls or malicious control. The market cap to liquidity ratio is 10, suggesting limited liquidity relative to its market size, and the low liquidity of $29 makes trading potentially volatile. Given these concerns, it is advised for investors to exercise extreme caution or avoid engaging in this token until further transparency and stability are established.