New Solana Token Listing on MoonX Sparks Caution and Interest

The latest addition to the MoonX platform is a new Solana-based token with a current market cap of approximately $54,000 and a trading price of $0.000054. The token has 383 holders and was launched on July 9, 2025. Recent on-chain data indicates minimal high-value trades, with only one smart money transaction in the last 15 minutes. The top 10 holders control about 40.5% of the supply, and the project is not classified as a honeypot. Developer wallet holds just over 1 SOL, suggesting moderate insider ownership. The community is advised to conduct thorough research and exercise caution due to the inherent risks of cryptocurrency investments, including scams and rug pulls. The project is positioned carefully within the crypto space, with transparency in certain areas but also emphasizing the need for due diligence.