High-Risk Tiktok Token on Raydium Raises Alarm

The token Tiktok, listed on Raydium, shows a very high risk profile. With a market cap of just $3,100 and very low liquidity of $311, it raises concerns about trading stability and potential manipulation. The token's total supply is 1 billion, and a complete 100% of the supply was transferred to various addresses by its deployer, indicating a possible rug pull scenario. The project has mutable metadata, which means the information associated can change, adding to the uncertainty. The high ratio of market cap to liquidity (10:1) further underscores the vulnerability to price manipulation and volatility. The token does not have mint or freeze authority, but the overarching risk factors suggest extreme caution. Given these points, this investment opportunity appears highly speculative and potentially dangerous, which warrants avoiding or steering clear of this token.