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New Solana Token $ELON Listed on MoonX Amid Low Activity and High Risks
The latest listing on MoonX features $ELON on Solana, with a market cap of approximately $53,190 and a trading price of about $0.0000532. The token has 117 holders and started trading on June 6, 2025. Recent on-chain data shows no smart money trades in the last 15 minutes, indicating low trader activity. An audit reveals that the token is not a honeypot or blacklisted, but it does not have a burn pool. The developer wallet holds 4.64 SOL, and the top 10 holders possess 83.54% of the tokens. The token’s social links include Twitter and a website, but Telegram is missing. Investors should be cautious due to high risks associated with cryptocurrencies, emphasizing the importance of thorough research, avoiding FOMO, and being wary of scams.
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AI Analysis
The listing of $ELON on MoonX introduces a new micro-cap token on the Solana blockchain, which is characteristic of many recent initial listings targeted at speculative trading. With a market cap of j...
AI Recommendation
Given the current state of $ELON, it is advisable for investors to exercise extreme caution. The low activity, high concentration in a few wallets, and the early-stage nature of the token suggest this...
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.
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