MoonX Announces New Low-Cap Token $CM on Solana with Minimal Activity and High Centralization Risks

The recent listing of $CM on MoonX indicates a very small market capitalization of $50,400 with a current price of $0.0000504. The token has 67 holders so far, and initial trading activity shows no recent smart money trades, suggesting low investor interest or activity at this stage. No honeypots were detected, but a significant portion of the tokens (44.17%) is held by just ten addresses, raising concerns about potential market manipulation or lack of decentralization. The developer wallet holds a modest 0.29 SOL, and there is no significant social media presence linked. Given the high risks associated with new tokens, such as potential rug pulls, investors should conduct thorough due diligence before considering any involvement. Always invest rationally and avoid emotional decisions driven by FOMO.