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LABUBU Token Listed on Raydium: High Risk Due to Token Distribution and Liquidity Concerns
The LABUBU token is listed on Raydium with a current price of $0.00000290 and a market capitalization of $2.9k. Despite the low liquidity of $290 and a total supply of 1 billion tokens, the security details reveal mutable metadata, and the token has shifted a significant portion of its supply to other addresses, indicating heightened risk. The risk rating is marked as 'risky', with all tokens transferred from the deployer. The market cap to liquidity ratio is 10.0, an indicator of potential volatility. Although there are links to various explorers and the Raydium platform, caution is advised due to the risky nature of this token.
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AI Analysis
The listing of LABUBU on Raydium suggests an interest in this token within the decentralized exchange ecosystem. However, several concerning factors raise red flags for potential investors. The token'...
AI Recommendation
Given the analysis, it is advisable to refrain from investing in LABUBU at this stage. The risk profile is very high, with issues related to token distribution, low liquidity, and mutable data, which ...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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