New Solana Token $MH Debuts with Limited On-Chain Activity and Concentrated Holdings

The recent launch of $MH on Solana has attracted attention, with a current market capitalization of approximately $101,160 and a price near $0.000101. The token has 357 holders so far, and the initial start was on July 9, 2025. On-chain monitoring shows only one smart money trade in the last 15 minutes, indicating limited activity for now. The top 10 holders control about 38.02% of the tokens, which suggests a concentrated ownership but no honey pot risks. Developer wallets hold around 28.02 SOL, contributing to transparency but also highlighting the need for cautious approach. While official links are limited, the project provides a website for further info, though Twitter and Telegram are missing. The risk warning emphasizes the high volatility and scam risks inherent in cryptocurrencies. Investors should conduct thorough research, avoid FOMO, and remain vigilant against rug pulls. The community is encouraged to stay updated and share insights.