High-Risk SPX6900 Token on Raydium Raises Security and Liquidity Concerns

SPX6900 is actively trading on Raydium. The token has a very low price of $0.00000005, with a market cap of just $493 and only $49 in liquidity, indicating high risk. About 100% of the token supply was transferred to other addresses by the deployer, highlighting potential security issues. The token's market cap-to-liquidity ratio stands at 10, further emphasizing its fragile liquidity state. With mutable metadata and no mint or freeze authorities, the token presents notable security concerns and volatility risk. Given these factors, this token is highly speculative and should be approached with caution.