New Solana Token $Cumify Listed with High Centralization Risk

A new token named $Cumify on Solana has been launched, with a current market capitalization of approximately $28,000 and a trading price of $0.000028. The token has 369 holders and was initiated on June 9, 2025. Recently, there have been no smart money trades within the last 15 minutes, indicating limited institutional activity at present. Audit checks reveal that the token is not a honeypot, but the largest holder controls around 42% of the total supply, which presents centralization risk. The developer's wallet holds 3 SOL, and the community is advised to conduct thorough research and remain cautious, acknowledging the high risks involved in cryptocurrency investments. The project has limited online presence, with only a Twitter account active, and other channels are not yet established. Given these details, it's essential to approach this new listing with caution, considering the centralization risk and limited trading activity. Investors should perform further due diligence and avoid hasty decisions due to the inherent volatility and scam risks in the crypto space.