New Solana Token $MLP Listed on MoonX with Low Market Cap

The recent listing of $MLP, a Solana-based token, has been officially announced. The current market capitalization stands at approximately $49,810, with a price of around $0.0000498 per token. There are 121 holders so far. The token became available on June 20, 2025. Recent on-chain data shows two smart money trades in the last 15 minutes, indicating some recent trading activity. The token's top 10 holders control roughly 39.49% of the supply, with the developer wallet holding a minimal 0.01 SOL, suggesting a concentrated ownership among top holders. Notably, the token is not a honeypot, which reduces some scam risks. Given its low market cap and recent listing, this may present an opportunity for speculative investors but also carries significant risks due to potential volatility, rug pulls, and scams common in new crypto listings. Community members are reminded to conduct thorough research and exercise caution. Overall, this token's recent activity and setup suggest a high-risk, high-reward scenario, suitable mainly for those willing to accept substantial speculation and risk.