Michael (SOL) — New ATH but High-Risk and Highly Concentrated
I see a freshly launched Solana token called Michael that just hit an ATH but carries classic pump-and-dump characteristics.
Market cap is tiny (≈$108K) with liquidity ~36.7K and the top 10 holders control over 32% — concentration and low liquidity make the token highly fragile.
The contract is renounced and mint/freezable are off, which reduces some centralized control, but the project is only minutes old with 829 holders and very volatile volume spikes. I would not treat this as an investment—only as a speculative, high-risk trade if at all.
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