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MoonX Launches $ZEN Token on Solana with Low Activity and High Concentration
MoonX has announced a new token list for $ZEN on the Solana blockchain. With a market cap of approximately $50,410 and a current price of $0.0000504, it has 144 holders. The token started trading on June 4, 2025. Recent on-chain data shows no recent smart money activity, which may indicate low investor engagement or caution at this early stage. The token's developer wallet holds 3.14 SOL, and the top 10 holders own close to 44%, suggesting a relatively concentrated distribution. No major scam indicators like honeypots or blacklists are reported, but the risks associated with new tokens remain high. Caution is advised, as the crypto environment poses significant risks, and thorough research is essential.
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AI Analysis
The recent listing of $ZEN on the Solana blockchain by MoonX introduces a new player to the crypto market, characterized by a very low market capitalization of approximately $50,410 and a price of mer...
AI Recommendation
Given the current early-stage data about $ZEN, it is prudent to adopt a wait-and-see approach rather than rushing into investment. New tokens can offer high returns but come with significant risks, in...
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.