LABUBU Token Launch on Raydium Sparks Caution Due to High Risks

The LABUBU token is recently launched on Raydium, with a current price of $0.00000289 and a market cap of $2,900. Its total supply is 1 billion tokens, but only $288 in liquidity is available, indicating limited trading activity. Notably, 100% of the token supply was sent to various addresses by the deployer, and the project has mutable metadata and no mint or freeze authority, which raises concerns about security and trustworthiness. Given these factors, the rating is considered risky, reflecting the potential for high volatility or scam risks. Investors should exercise caution before engaging with this token, especially considering the low liquidity and significant control retained by the deployer.