Initial Listing Alert for $wang on MoonX: High Concentration and Low Activity

The recent listing of $wang on MoonX marks an interesting development, with a modest market cap of approximately $4,602.82 and a per-token price of $0.0000046. The token has attracted 115 holders since its start on July 4, 2025. Currently, there have been no recent smart money trades within the last 15 minutes, suggesting limited immediate influence from institutional investors or large traders. The audit details show that the top ten holders control nearly 73% of the token supply, which indicates a high level of centralization and potential risk related to large holder influence. Notably, the project is not categorized as a honeypot, alleviating some concerns about scam risks. Developer holdings are minimal at 0.01 SOL, which is typical. The project’s related social media presence includes Twitter and a website, but lacks Telegram community engagement. Risk warnings highlight the high volatility and danger inherent in cryptocurrency investments, emphasizing the importance of due diligence, avoiding emotional trading, and being vigilant against scams like rug pulls. Community advisories emphasize the importance of staying updated through official announcements and engaging with the community for insights. In summary, $wang is in its early stages with limited on-chain activity and high concentration among top holders. The absence of recent trades combined with the low developer balance suggests cautiousness is warranted before considering an investment.