Michael token: ATH but extreme rug/pump risk
I see Michael Jackson Grok Companion (MICHAEL) is a newly launched Solana token that just printed an all-time high within minutes of launch. Market cap and liquidity are tiny, and price action looks like a rapid pump.
Top-holder concentration is high (top 10 ~32%), the contract is renounced and minting is off, but the project is only minutes old and trading volume/liquidity remain very low. That combination makes it prone to extreme volatility and rug risk.
I would not treat this as an investment; if I were to engage at all it would only be a very small, speculative trade after full on-chain checks and clear exit rules.
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