MoonX Lists $CHAT on Solana with Low Market Cap and High Centralization

MoonX has announced a new listing for the token $CHAT on the Solana blockchain. The token has a market capitalization of approximately $36,100 and is priced at around $0.0000361. Currently, there are 250 holders, and the listing started on June 3, 2025. Recent on-chain data shows no trades from smart money in the last 15 minutes, indicating a lack of immediate institutional activity. Security audits reveal that the token is not a honeypot, but does not have a burn pool or blacklist measures in place. The developer wallet holds about 2.76 SOL, and the top 10 holders control roughly 61.78% of the supply, which could suggest a concentration risk. The project maintains active social media profiles on Twitter but lacks a Telegram community presence. The advisory emphasizes the high risk involved in cryptocurrency investments, urging investors to conduct thorough research, avoid emotional decisions like FOMO, and be cautious of scams such as rug pulls. The community is encouraged to stay updated through official channels and share insights. Overall, this new listing appears to be at an early stage with limited liquidity and high centralization among a few holders. The lack of recent smart money activity could denote limited market interest or step-by-step accumulation. Given the inherent risks, cautious and well-informed participation is advised.