New Solana Listing $LANDON Sparks Caution Due to Low Activity and High Developer Holdings

The recent listing of $LANDON on Solana introduces a new project with a market capitalization of approximately $59,340 and a token price of $0.0000593. Currently, there are 204 holders, and the start date was June 3, 2025. In on-chain monitoring, there has been no recent smart money activity in the last 15 minutes, indicating a lack of significant investor interest at this time. The audit reveals that the token is not a honeypot, but it does not have a burn pool or blacklist restrictions. Developer holdings account for about 51.75% of the total supply, with a dev wallet balance of 12.23 SOL. This concentration of holdings could pose a risk of price manipulation or dumps. The official channels include Twitter and a website, but Telegram is not yet active. Overall, the project seems nascent with minimal on-chain activity and high developer share, making it highly speculative and risky for investors.