Is Tiktok on Raydium a risky token with potential for rug pull?

The Tiktok token listed on Raydium currently trades at a very low price of $0.00000292, with a modest market capitalization of approximately $2.9k. The project exhibits signs of high risk, such as 100% of the token supply being transferred to other addresses by the deployer and low liquidity of $291, which raises concerns about its tradability and liquidity stability. The total supply is 1 billion tokens, but the security features are minimal, with mutable metadata and no mint or freeze authorities. Evidence suggests that manipulation or rug-pulling could be imminent, making this a highly speculative investment. Investors should proceed with extreme caution. The low market cap relative to liquidity, combined with the high percentage of tokens transferred by the depositors, indicates potential for significant volatility or a rug pull. Without strong security features or verified backing, this token could be in a precarious position where the value could rapidly collapse or be manipulated. Given these factors, the risk is considerably high, and the project lacks the safeguards typical of more secure tokens. Accordingly, it’s advisable for traders and investors to avoid committing substantial funds to this token until more transparency and security measures are established. Due diligence and careful risk management are essential, and currently, this token appears unsuitable for long-term holding or serious investment based on the available information.