New Solana Listing $MUGSHOT Sparks Market Attention with Early Trader Activity

The recent launch of $MUGSHOT on Solana has drawn attention with a modest market capitalization of $57,300 and a current price of $0.0000573. With 527 holders and a start date that was set on June 5, 2025, the token is still in its early stages. On-chain data shows a positive trend with 8 smart money trades executed within the last 15 minutes, indicating heightened investor interest. The project has some positive aspects such as being non-honeypot and not blacklisted, though it does have a relatively small developer wallet balance of 0.07 SOL and a substantial 37.26% of tokens held by the top 10 holders. Community and social media presence include Twitter and a website, although Telegram is not active. Despite these signals, potential investors are warned about the high risks involved in cryptocurrency investments, including exposure to scams like rug pulls. Staying informed through community updates and conducting thorough research are highly recommended before considering participation.