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MoonX New Token Listing Alert: $DEGENZILLA Faces Caution
The recent listing of $DEGENZILLA on the Solana blockchain shows a modest market cap of $51,050 with a very low price of $0.0000511. With only 179 holders and a significant 41.69% share held by the top 10 investors, the distribution suggests a concentrated ownership. The developer holds 265.62 SOL, indicating a substantial personal investment. The recent absence of trades from smart money in the last 15 minutes signals a possible pause or low activity phase. Despite the not honeypot status, the risk warning remains high, emphasizing the need for thorough research and caution before investing. Overall, this new token’s current low liquidity and high concentration risk may not favor immediate large-scale investment.
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AI Analysis
The launch of $DEGENZILLA on Solana represents an interesting addition to the meme or new token landscape. The current market cap of just over $51,000 indicates a very early stage project, which is ty...
AI Recommendation
Given the current stage and the observed indicators, the safest approach would be to monitor the project’s developments closely. For investors with a high risk tolerance, a small test investment could...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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