Highly Risky Solana Token Listing on MoonX Highlights Need for Caution

The recent listing of $MaskElon on MoonX, a Solana-based token with a current market cap of $52,330 and a price of $0.0000523, highlights a very small holder base of 79 addresses. The token was launched on June 7, 2025, and there's been no recent smart money activity in the last 15 minutes. The audit indicates it's not a honeypot, but risks such as rug pulls and scams remain, as with all cryptocurrencies. The developer controls nearly all tokens, holding 99.27% of the supply, which introduces significant risk of price manipulation or exit scams. Community members are advised to conduct thorough research, stay updated through official channels, and avoid emotional trading to mitigate potential losses.