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New Solana Token $CHARLES Listed, Low Market Cap and Centralized Holders Raise Caution
The new token $CHARLES on Solana has just been listed and is currently valued at a very low price of $0.0000569 with a market cap of approximately $56,850. Its total number of holders is just 8, and it was launched on June 8, 2025. The latest on-chain analysis shows no recent smart money trades in the last 15 minutes, indicating low activity from significant investors. The token's permissions reveal it's not a honeypot, but it lacks a burn pool and blacklist features, which could be red flags. The developer maintains a wallet balance of 12.64 SOL, and the top 10 holders own 100% of the tokens, suggesting a highly centralized ownership structure. Community members are encouraged to conduct their own research, remain cautious about the risks inherent in cryptocurrency investments, and stay alert for potential scams such as rug pulls.
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AI Analysis
The newly listed token $CHARLES on the Solana blockchain presents an intriguing yet risky opportunity for investors. With a market cap of only $56,850 and just 8 holders, it clearly remains in very ea...
AI Recommendation
Considering the extremely early stage of $CHARLES, it's advisable to adopt a cautious approach. If interested, only allocate a very small portion of your portfolio to this token, recognizing the high ...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.