High-Risk WOLT Token on Raydium Offers Food Delivery Crypto Payments Despite Low Liquidity

The WOLT Token is presently situated on Raydium with a current price of $0.00000073, a market capitalization of $728, and a liquidity pool of $1,500. Its total supply is 1 billion tokens, and the majority of these tokens are held by Raydium's Automated Market Maker (AMM) at 96.86%. The token's security features lack mutable metadata, and it does not have mint or freeze authorities, indicating limited control post-deployment. The token allocation reveals that 3.1% of the supply was transferred to other addresses by the deployer, which, combined with the low liquidity and a market cap to liquidity ratio of 0.5, suggests a high-risk profile. WOLT aims to facilitate crypto payments for food delivery with a 1% DEX fee on swaps, primarily benefiting liquidity pools. Given these factors, it is important to note the elevated risk involved with this token, including potential volatility and low liquidity, which could impact trading and liquidity stability.