MoonX Solana Listing Sparks Caution Amid Low Activity

The new listing of MoonX on the Solana blockchain presents a fresh opportunity, with a current market cap of approximately $162,310 and a price of $0.000162. The project holds 797 addresses and was launched recently, on June 3, 2025. On-chain analysis shows no recent smart money activity, which could suggest low institutional interest or caution from large traders at this stage. The developer wallet retains a significant amount of SOL, and the largest 10 holders control over a third of the supply, which could influence price stability. Despite the listing, there are minimal signs of active trading or buy-in from experienced investors, and the project’s permission settings indicate it is not a honeypot, but other scam risks remain. Due to the overall high risk in crypto projects, thorough research and caution are advised. This could be a speculative entry point, but potential investors should be wary of typical scam tactics, such as rug pulls.