MoonX Lists $Wakuku with Low Market Cap — High Risks Highlighted

The recent listing of $Wakuku on MoonX, a Solana-based token, indicates a modest current market capitalization of $62,180 and a low trading price of approximately $0.0000622. With 303 holders, the token's distribution shows a significant concentration among a few, with the top 10 holders holding 40.65% of the supply. The absence of recent smart money trades suggests a lack of active institutional interest, and the audit confirms that the token is not a honeypot, reducing some scam risks. Developer holdings are minimal, with only 0.03 SOL, and the high share held by top investors raises concerns about control and potential manipulation. Given the current data, the token presents typical high-risk features characteristic of new and small-cap crypto assets. Users should exercise caution, conduct thorough research, and be aware of the inherent volatility and potential for scams.

New Solana Token $Wakuku Listed on MoonX with Low Market Cap

The latest addition, $Wakuku, is a Solana-based cryptocurrency with a modest market cap of just over $62K and a very low price point. The distribution is heavily concentrated among a few holders, and there is currently no evidence of smart money activity. Considering it is not a honeypot, the primary risks stem from typical market volatility and the possibility of manipulation given the high top-holder share. Investors should remain cautious, perform thorough due diligence, and stay alert to potential scams in this emerging crypto space.