New Solana Token $apollo Listed with Low Market Cap and High Risks

The listing of $apollo on Solana is quite recent, with a market capitalization of approximately $56,310 and a very low trading price of $0.0000563. There are currently 131 holders of this token. The activity on-chain shows no recent smart money trades, which might suggest a lack of large investors or recent trading interest. The token has permissions indicating it is not a honeypot or blacklisted, but it does not have a burn pool. Developer holdings are significant, with nearly 99 SOL, and the top 10 holders control about 46.13% of total tokens, which could imply some centralization risk. Given the extremely small market cap and limited trading activity, this token risks high volatility and potential manipulation. Investors should be cautious, thoroughly research the project, and consider the lack of active smart money participation. The absence of a website and limited social links also suggest a need for further due diligence before considering investment. In summary, while new listings can sometimes promise growth, this particular token appears to be high risk with limited market engagement and substantial developer influence. Careful analysis and risk management are essential if considering involvement.