Low-Cap Meme Token with High Risk and Mutable Features

The valuation of Fart Sparkle Mermaid (FSM) currently stands at a modest $2,860 with a liquidity of $285.90, presenting a very low market cap and limited trading depth. Its price is extremely low at $0.000002859, which might appeal to quick traders or those interested in penny assets. The project's security features reveal some concerns: its metadata can be changed, and there are no restrictions on the mint or freeze authority, but no liquidity pool has been burned, indicating some control over liquidity management. The main holders possess significant shares, with one holding nearly 5%, yet the majority of the supply was transferred to different wallets by the creator, which could imply a high level of centralization or control. The overall score is poor, rated as "Bad" (3), highlighting potential risk factors such as low liquidity, mutable metadata, and a high concentration of tokens in early wallets. Given these conditions, investors should exercise caution. The lack of security controls and the high token concentration suggest vulnerability to manipulation or other risks, making this a highly speculative and risky investment opportunity.