MoonX Lists New Cryptocurrency $CD with High Risk Warning

The recent listing of $CD on MoonX has caught attention, with the token having a current market cap of approximately $112,920 and trading at a very low price of $0.000113. The token has 114 holders and was launched on June 9, 2025. On-chain data indicates no recent smart money trades, and the developer wallet holds 43.67 SOL, with the top 10 holders controlling over 54% of the supply, signaling significant centralization risk. The audit shows it is not a honeypot, but other typical scam red flags are not confirmed. Investors should remain cautious given the extremely high risk involved in cryptocurrencies, especially newly listed tokens. The lack of recent smart money activity, combined with a high concentration of holdings in a few wallets, raises concerns about market manipulation or potential rug pulls. While the project maintains a presence on Twitter, the absence of a website and Telegram channel limits transparency. Overall, this listing appears speculative with limited on-chain activity and the potential for significant volatility or scam risk. Due diligence and cautious investing are advised.