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MoonX Announces New Solana Token Listing with Cautionary Insights

MoonX has introduced a new listing for the Solana-based token $sowwy, with a market cap of approximately $41,020 and a trading price of $0.000041. Currently, there are 354 holders, with the start time registered on June 6, 2025. Recent on-chain activity shows no smart money trades in the last 15 minutes, and the token's approval and audit details highlight a honeypot risk but no burn pool or blacklist threats. The developer wallet holds over 20 SOL, and nearly half of the top 10 holders control 46.56% of the supply. The community is advised to conduct thorough research and remain cautious against scams, with continuous updates expected from the project.
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AI Analysis

The recent listing of the $sowwy token on MoonX represents a typical early-stage cryptocurrency project with a modest market cap of around $41,020 and a very low token price of $0.000041. The fact tha...

AI Recommendation

Given the current data, the recommendation is to exercise caution. This token listing appears to be high-risk, primarily due to the honeypot vulnerability and the concentration of holdings among a few...

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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