New Meme Token $BANANAS Debuts on Solana with Low Activity and Centralized Holdings

The recent launch of $BANANAS on the Solana network has been officially noted, with a current market capitalization of approximately $46,700 and a very low price point of $0.0000467. The token has 372 holders at this early stage, and the start time of market activity was recorded on June 6, 2025. On-chain activity shows minimal short-term engagement, with no recent smart money trades in the past 15 minutes, indicating a potentially inactive or cautious investor base. The audit status confirms the token is not a honeypot, but it lacks burn pool features, and there is no blacklist reported. Developer holdings are around 5.52 SOL, and the largest 10 holders control about 43.10% of the tokens, suggesting considerable centralization for now. Associated social links include Twitter, but the website and Telegram channels are absent, limiting accessible community and developer engagement. Risk warnings emphasize the inherent danger in cryptocurrency investments, urging thorough research, skepticism about FOMO, and caution regarding scams such as rug pulls. The community is advised to stay informed through official announcements and to participate actively in discussions. Overall, $BANANAS appears to be a new and high-risk asset with limited trading activity and significant developer and holder concentration, reflecting both the volatility and the speculative nature of MEME tokens on Solana.