New Solana Listing $FLOATCAT Sparks Caution

The recent listing of $FLOATCAT on Solana comes with a market cap of $41,680 and a current trading price of $0.0000417. The token has 323 holders as of the start time on June 8, 2025, at 01:52:03. On-chain activity shows no recent smart money trades within the last 15 minutes, indicating a lack of immediate large investors' activity. The project has undergone an audit revealing no honeypot or blacklist issues, but it does not have a burn pool. The developer maintains a wallet with 1.90 SOL, and the top 10 holders control 37.01% of the total tokens, which may suggest some centralization. Official channels are limited, with only a Twitter account available out of the listed social platforms. The risks associated with this token are high, emphasizing the importance of thorough research, caution against FOMO, and vigilance against potential scams like rug pulls. Overall, this listing appears to be in the early stages with low activity and significant risk factors. Investors should remain cautious, watch for community updates, and conduct comprehensive personal research before considering any investment in $FLOATCAT.