High-Risk Tiktok Token on Raydium Shows Low Liquidity and Control Concerns

The Tiktok token on Raydium is notably high risk due to the fact that 100% of the token supply was transferred to other addresses by its deployer. With a minimal market cap of just $3,100 and liquidity of only $314, trading liquidity is very low, which can lead to high volatility and difficulty in executing large trades without significant slippage. The token has mutable metadata, and it lacks mint and freeze authorities, further raising concerns about control and transparency. Given these factors, investing in this token carries substantial risk of loss. It is advisable to proceed with extreme caution or avoid investing until clearer, more positive indicators are observed.