New Elon Coin Listing on Solana: High-Ruture Risk in Early Stage

The new Elon coin listing on the Solana blockchain presents a very low-priced token with a market cap of just under $10,000 and only 61 holders, indicating very early development and limited distribution. Its recent start date on June 6, 2025, suggests this is a very new project, and the absence of significant smart money activity signals low immediate investor interest. The high concentration of holdings among the top 10 addresses (96.21%) raises concerns about potential centralization risks. The project’s audit reveals that it is not protected against honeypot scams, and developer wallet activity appears minimal. The lack of social media presence beyond Twitter and the very recent market debut highlight the nascent stage of this token. Risks are notably high, including potential rug pulls, scams, and extremely volatile price movements. Investors should proceed with caution, conducting thorough due diligence (DYOR) prior to involvement. The community emphasizes staying informed through announcements and sharing insights, underscoring the importance of careful analysis in such high-risk, early-stage crypto projects.