New Solana Token $OXAI Launch Sparks Caution Due to Limited Activity and Centralized Holders

The recent launch of $OXAI on the Solana network has been officially confirmed. With a market cap of approximately $52,660 and a price of about $0.0000527, it is a very early-stage token. Currently, there are 267 holders, which indicates a modest distribution at this initial phase. The launch started on June 9, 2025, and on-chain monitoring shows no recent smart money trades in the last 15 minutes. The token's audit reveals that it is not a honeypot, but it also lacks features like a burn pool, and hasn't blacklisted addresses. The developer wallet holds a significant amount of 265.25 SOL, and the top 10 holders own roughly one-third of the total tokens, indicating potential centralization risks. The token has official social media channels, including Twitter and a website, but no Telegram presence was reported. Investors should note the high risk associated with new cryptocurrency launches. The absence of recent smart money activity might suggest a lack of immediate institutional interest or trading activity. The moderate developer holdings and top holder concentration warrant caution, as these could influence price stability or lead to pump-and-dump schemes. Given the early stage, low market cap, and associated risks, this token might be suitable for speculative trading with strict risk management. It is important to exercise due diligence, consider the potential for Rug pulls or scams, and avoid FOMO-driven investments. Overall, $OXAI presents an interesting opportunity for those willing to accept significant risk and conduct thorough research before investing.