High-Risk TikTok SOL Token Trades on Raydium

TikTok's SOL token is currently trading at a very low price of $0.00000401, with a modest market cap of $4,000 and liquidity of $400. The token's total supply is 1 billion. Security features include mutable metadata, but no mint or freeze authorities. Ownership distribution shows that nearly 5% of tokens are held by a few addresses, and a significant 100% was transferred to addresses by the deployer, raising concerns about control and potential risks. The high risk rating reflects the token's questionable security and distribution structure, compounded by a low liquidity-to-market cap ratio of 10%. Given these factors, there are notable red flags that suggest caution. Only select investors who understand these risks should consider engaging. Monitoring for potential rug pulls or further unfavorable moves is advised.