New Solana Listing $DENY Sparks Caution Despite Low Market Cap

The recent listing of $DENY on Solana at MoonX presents a new opportunity, although it comes with significant risks. The token's market cap stands at just $41,070, with a price of $0.0000411, and it has 183 holders. The listing commenced on June 4, 2025, indicating it is a very new asset in the market. The on-chain activity shows no recent smart money trades in the last 15 minutes, highlighting low trading volume and interest thus far. The token does not appear to be a honeypot or blacklisted but lacks advanced security measures like a burn pool. Major holder concentration at 47.43% raises concerns about potential market manipulation or pressure. Risk warnings emphasize the volatile nature of cryptocurrencies and advise thorough research and caution against manipulative tactics such as rug pulls. Community members are advised to stay updated with official announcements and conduct their own analysis before considering an investment.