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New Solana-Based Token $shork Shows Early Signs and Risks
The new token listed on MoonX, $shork on Solana, has a small market capitalization of $68,120 and is priced at $0.0000681. It currently has 544 holders, indicating early-stage adoption. The on-chain activity shows no recent smart money trades, which warrants caution. The token's permissions suggest it is not a honeypot, but it lacks a burn pool and blacklist functionality. The developer’s wallet holds 4.27 SOL, and the top 10 holders control 39.29%, implying a significant concentration of ownership. Given the overall risks associated with new cryptocurrencies, especially with no recent smart money activity and high holder concentration, a cautious approach is advisable. Always perform thorough research before considering investment in such assets.
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AI Analysis
The $shork token has recently been listed on MoonX with a very small market cap and low price, typical for new crypto projects. The lack of smart money trades in the last 15 minutes raises questions a...
AI Recommendation
Considering the current details and risks, it is advisable to adopt a wait-and-see approach toward $shork. Avoid investing large sums until there is evidence of increased activity, trading volume, or ...
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.
