New Solana Listing $butterdog Sparks Caution Amid Low Activity

The recent listing of $butterdog on Solana has attracted attention, though the current market cap stands at a modest $47,950 with a very low price of $0.000048. There are 186 holders, and the listing began on June 3, 2025. On-chain monitoring shows no recent smart money trades within the last quarter-hour, indicating a lack of immediate large-scale investor activity. An audit reveals that the token is not a honeypot and does not have blacklists, but the top 10 holders hold over 40% of the supply, suggesting concentrated ownership. The developer's wallet holds 6.45 SOL, and social links such as Twitter and the official website are available, but Telegram is missing. The risk warnings emphasize the high volatility and danger of rug pulls, advising thorough research and caution. Overall, this token introduction shows potential but prompts caution due to limited activity and high risk—investors should approach with careful due diligence.