New Solana Token $PUMP Opens with Low Market Cap and Concentrated Holdings

The recent market entry for the $PUMP token on Solana shows a modest market capitalization of $16,140 with a current price of $0.0000161. The token has 343 holders so far, and its start date was June 4, 2025. On-chain monitoring indicates no recent smart money trades in the last 15 minutes, which could suggest low trading activity or interest at this moment. The audit shows that while permissions are standard, the token is not a honeypot, but it lacks a burn pool or blacklist features. Developer wallet holds 28.72 SOL, and over half of the top 10 holders share 55.05% ownership, highlighting a concentrated distribution. Official channels include Twitter and a website, but Telegram is not yet connected. Risk warning notes that cryptocurrency investments are highly risky and emphasizes the importance of thorough research, caution against FOMO, and vigilance against scams. Community updates stress staying informed through announcements and sharing insights.