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New Solana-based Token $ENCT Listing Sparks Caution Amid Low Activity
The recent listing of $ENCT on the MoonX platform highlights its current market cap of just $10,780 with a very low price of $0.0000108. With 142 holders, the token's origin date is noted as June 5, 2025. On-chain activity shows no recent smart money trades, indicating a lack of immediate investor interest or institutional activity. The token's permissions reveal it is not a honeypot or blacklisted, but it does have a significant portion of tokens held by the top 10 holders—almost 60%—which could imply centralization risk. Its developer wallet contains 19.22 SOL, and overall, this seems to be an early-stage project with limited activity. Investors are advised to exercise caution due to the inherent high risks of new cryptocurrencies, especially considering potential scams or rug pulls, and should conduct thorough research before engaging.
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AI Analysis
The listing of $ENCT on MoonX presents an interesting case of a new token emerging on the blockchain, specifically on the Solana network. With a market cap of just over $10,000 and only 142 holders, t...
AI Recommendation
Given the current details and risks, it is advisable to remain cautious with $ENCT at this stage. Investors interested in this token should perform comprehensive research, including understanding the ...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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