New $HR Listing on Solana Sparks High Caution Due to Centralization and Lack of Activity

This new listing of $HR on Solana has a modest market cap of approximately $4,426 and a very low price of $0.00000443. Currently, the holder count is just four, indicating very early stages of distribution. The start date for trading is set for June 10, 2025, and there have been no recent smart money trades in the last quarter-hour, suggesting a lack of institutional activity at this moment. The audit indicates it is not a honeypot or blacklisted, but it does have a burn pool feature. Developer wallets hold 1.53 SOL, and the top 10 holders control nearly 90% of the supply, which could pose centralization risks. Community and social links are available, but Telegram is missing. The project emphasizes high risk and urges investors to conduct thorough research, be cautious to avoid scams, and avoid FOMO. Overall, it appears highly speculative with some red flags concerning holder distribution and low activity, typical of early-stage or low-liquidity tokens.