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ELON

New Solana Token $ELON Listing Sparks Caution Due to Low Activity

The latest listing of $ELON on Solana introduces a new asset with a market capitalization of $35,150 and a current price of just $0.0000352. With 618 holders and starting trading on June 6, 2025, this token remains largely inactive in terms of on-chain smart money activity, with no trades in the last 15 minutes. The project has a developer wallet holding over 105 SOL and the top 10 holders possess 28.31% of the supply. The audit indicates the token is not a honeypot but raises caution regarding other scam risks. Given the high risk inherent in cryptocurrencies, thorough research and cautious investment are advised amid warning signals for potential scam tactics.
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AI Analysis

The $ELON token listing presents a high-risk investment opportunity, primarily due to its very low market capitalization of just $35,150 and minimal trading activity. The absence of recent smart money...

AI Recommendation

Considering this token's new listing, minimal trading activity, and the potential for high volatility and scam risks, it is advisable to approach with extreme caution. Investors should wait for more s...

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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