MoonX’s Recent Listing on Solana Reveals Low Engagement and High Centralization Risks

The recent listing of MoonX on Solana shows a very modest market cap of $26,310 with a price per token of $0.0000263. There are currently 45 holders, indicating a very small and potentially speculative community. The start date is recorded as June 6, 2025, which appears to be a future date and could be a typo or error. On-chain data reveals no recent 'smart money' activity in the last 15 minutes, suggesting low investor engagement or activity at this time. An audit indicates it is not a honeypot, but other common risk factors such as burn pools and blacklists are not confirmed. Developer wallet balance is very low at 0.02 SOL, and the top 10 holders own nearly 99% of the supply, implying high centralization and potential vulnerability to market manipulation. The project lacks social media and web presence, increasing transparency concerns. The risk warning emphasizes that cryptocurrencies are highly speculative, advising thorough research and caution, especially regarding scams like rug pulls. The community is encouraged to stay informed via official announcements and to share insights.