New Solana Token 'chakra' Listing Sparks Caution with Limited Activity

The recent listing of $chakra on Solana introduces a new token with a modest market cap of $48,770 and a very low current price of $0.0000488. The token has 446 holders and was launched on June 11, 2025. On-chain data indicates no recent smart money trades, which suggests limited active trading or interest at the moment. The project's permissions reveal it is not a honeypot, but it also lacks burn pool features, and it is not blacklisted. Developer holdings are relatively significant, with 13.43 SOL in their wallet, and the top 10 holders hold 42.65% of the tokens, indicating a potential centralization risk. The project is active on Twitter but lacks a website and Telegram presence, limiting ongoing community engagement. The risk warning emphasizes the highly volatile and risky nature of cryptocurrency investments, advising thorough research, caution against FOMO, and vigilance against scam tactics. Overall, this token appears very speculative with limited liquidity and community backing at this stage. The absence of recent trades suggests low immediate market activity, and the developer concentration warrants caution. Investors should prioritize due diligence and only consider such tokens as high-risk, highly speculative assets.