MoonX New Listing Alert: $MIGA on Solana Offers High-Risk Speculation

The newly listed cryptocurrency on MoonX, $MIGA, based on the Solana blockchain, presents a very small market cap of just $40,400, with a price per token of $0.0000404. The token has 258 holders and was launched on June 22, 2025. Recent on-chain activity indicates four authoritative trades within the last 15 minutes, suggesting some active trading interest. Notably, nearly 47% of the tokens are held by the top 10 holders, and the top developer’s wallet contains 3.60 SOL, which raises some concerns about substantial holdings concentrated among few entities. The token is not categorized as a honeypot currently, but the high holder concentration emphasizes potential risk. Given the typical volatility and risks associated with new crypto listings — compounded by the relatively narrow community support and limited information available — caution is advised. It is crucial to conduct thorough research and avoid impulsive investments, especially in such nascent projects.