New Solana Listing $BonkChat Sparks Caution Amid Low Activity and High Risk

The recent listing of $BonkChat on Solana brings a very modest market cap of $66,550 and a very low price of $0.0000665. The holder count is still small at 129, with significant ownership concentration, as the top 10 holders control 48.88% of the tokens. On-chain activity shows no recent smart money trades in the past 15 minutes, indicating low immediate investor interest or activity. Although the project is not marked as a honeypot and has a minimal developer wallet of 0.04 SOL, the overall risk remains high due to the nature of such early-stage tokens. The lack of social media presence and limited transparency amplify concerns about potential scams like rug pulls. Investors should exercise caution, thoroughly research, and avoid impulsive decisions driven by FOMO.