MoonX Lists New Solana-Based Token $Miyake with High Centralization Risks

The listing of $Miyake on MoonX introduces a new token with a market cap of approximately $4,136.64 and a very low price of $0.00000414. With only 4 holders so far, the token's distribution is heavily concentrated, with the top 10 holders controlling over 75% of the supply. The project started on June 6, 2025, and currently shows no recent trades from smart money in the last 15 minutes, indicating low activity or interest. The audit results reveal that while the token isn't a honeypot or blacklisted, it also lacks burn pool features, which could raise questions about tokenomics and long-term sustainability. The developer's wallet holds around 5.01 SOL, and the centralization risk is apparent given the heavy share held by top holders. Risk considerations include the extremely nascent stage of this token, the limited holder base, and the potential for manipulation due to high concentration. The message emphasizes the risky nature of crypto investments, advocating for thorough research, caution against FOMO, and vigilance against scams. Overall, this appears to be a highly speculative new listing with low liquidity and high concentration risks, suggesting a cautious or wait-and-see approach rather than immediate investment.