MoonX Markets Alert: $Freemarket on Solana Shows Early Signs of Volatility and Centralization Risks

The latest market entry by MoonX highlights $Freemarket on Solana with a market capitalization of just $43,540 and a price of $0.0000435. With 379 holders and a start date in June 2025, this project exhibits a minimal presence in terms of on-chain activity, with no recent smart money trades. Poducts show no permissions for honeypot or blacklist, but the top 10 holders control nearly 46% of the supply, indicating substantial centralization. Official links include Twitter and a website, with Telegram missing. The developer's wallet holds over 1 SOL, reflecting some backing but not necessarily strong backing or community support. Given the very low market cap and price, high risk, and lack of recent activity, investors should proceed with caution. A significant warning is the current absence of recent trades, which signals low liquidity and potential difficulty in entering or exiting positions. The high concentration of holdings adds to the risk of manipulation or sudden sell-offs. Always conduct thorough research and avoid rushing into investments driven by FOMO. Overall, this listing appears highly speculative and risky, better suited for those with a high risk tolerance and experience in evaluating obscure tokens.