High-Risk X-SOL Token Lists on Raydium with Concentrated Ownership

X-SOL is currently listed on Raydium with a recent price of $0.00048060 and a market capitalization of approximately $48.1k. It has a liquidity pool of about $57.7k, and a total supply of 100 million tokens. The distribution of token ownership shows that 57.26% is held on Raydium's AMM platform, while 42.67% belongs to the deployer, indicating a high concentration of supply with the deployer. The token has a high-risk rating, primarily due to over 42% of the supply being owned by the deployer, which raises concerns over potential rug risks or market manipulation. The market cap to liquidity ratio stands at 0.8, suggesting a relatively weak market presence relative to liquidity. The token is associated with X Network and is accessible via multiple platforms including DexScreener, Solscan, and Raydium. Given the current metrics, especially the high ownership concentration and risk rating, cautious trading or further due diligence is recommended.