New Solana Listing $DEVILON Sparks Caution Due to Early Risks

The recent launch of $DEVILON on Solana presents a very low market capitalization of approximately $4,773.74, with an extremely modest price per token at $0.00000477. Only 3 holders are currently noted, which suggests a very early stage in distribution and adoption. The start time indicates it was launched recently, on June 7, 2025. On the blockchain, no recent smart money trades have been recorded within the last 15 minutes, which might imply limited investor activity so far. The project has a honeypot status confirmed, but it does not appear to be in a burn pool or blacklisted. Developer holdings amount to 0.88 SOL, and the top 10 holders collectively control 75.65% of the token supply, indicating a high level of centralization early on. Official links include Twitter and a website, but Telegram is missing, which could impact community engagement. Risks are prominently highlighted: cryptocurrency investments are highly risky, and investors should conduct thorough research, be wary of FOMO, and watch for scams such as rug pulls. Community reminders emphasize staying updated through official announcements and sharing insights. Overall, this asset is in its infancy with limited activity and high risk, emphasizing the need for cautious and well-informed investment decisions.