High-Risk XMONEY Token on Raydium with Low Liquidity

The token XMONEY on Raydium, with a current price of $0.00000316 and a market cap of $3,200, exhibits a high-risk profile. It has a total supply of 1 billion tokens and low liquidity of $315, with approximately 5% of the tokens held by a few addresses. The token's security features include mutable metadata, but it lacks mint and freeze authorities, suggesting limited control over the token's supply. Notably, 100% of the token supply was sent to other addresses by the deployer, raising concerns about potential rug risks. The market cap to liquidity ratio is 10:1, and the low liquidity poses a significant risk for trading and price stability. Given these factors, the token's high risk and low liquidity indicate caution for potential investors, as transactions could be heavily affected by low trading volume and centralization of token holdings.