MoonX Launches New Solana Token with Cautionary Signals

MoonX has recently listed a new Solana-based token with a market cap of approximately $56,490 and a price of $0.0000565 per token. The token has 189 holders and was launched on July 9, 2025. On-chain data indicates minimal recent trading activity with only one smart money trade in the last 15 minutes, and the top 10 holders control about 45.96% of the supply, suggesting a potentially centralized distribution. The developer wallet holds 0.72 SOL, and the project is not considered a honeypot, but the high top holder concentration raises concerns about the potential for manipulation or rug pulls. As with all cryptocurrencies, significant caution is advised, emphasizing thorough research, avoiding FOMO, and awareness of scams. The community is encouraged to stay updated and share insights.