New Solana Listing $Bazaright Shows Early Signs of Centralization and Low Activity

The new listing of $Bazaright on the Solana blockchain is currently at a very low market cap of approximately $4,312.91, with a price of $0.00000431. The project has only 4 holders so far, and the developer wallet shows no holdings. The top 10 holders control about 89.52% of the tokens, indicating centralization of ownership. On-chain monitoring shows no recent smart money trades, suggesting a lack of active institutional or influential investor interest in the short term. Permissions checked reveal it is not a honeypot or involved in burn pools, but it is not blacklisted. The project started recently, given the start time in June 2025, and the social presence is minimal, with only Twitter linked. Investors should remain cautious due to the high risk associated with new crypto tokens. The lack of significant on-chain activity and the high concentration of holdings could imply potential for manipulation or rug pulls. Always perform thorough research and avoid FOMO-driven decisions.