New Solana Token $shoefish Listed on MoonX with Low Liquidity and Centralization Risks

The recent listing of $shoefish on MoonX introduces a new Solana-based token with a current market cap of approximately $46,320 and a price of $0.0000463. With 214 holders and a start date in June 2025, the token shows limited trading activity, indicating early stages. The developer wallet holds 3.74 SOL, and top 10 holders control nearly 45.78% of the tokens, which could imply potential centralization risk. On-chain observations reveal only a single smart money trade in the last 15 minutes, highlighting low liquidity and activity. The project has passed certain security checks, such as not being a honeypot, but lacks burn pool features or blacklist protections, adding some risk factors. Community guidance emphasizes caution, urging investors to conduct thorough research, avoid FOMO, and be vigilant against scams like rug pulls. The lack of active social media links suggests limited external validation or community engagement at this stage. Overall, $shoefish appears to be a nascent project with low liquidity, limited activity, and significant centralization footholds. Its security audit status is mixed, and the absence of broader community data warrants caution. Investors should proceed only with due diligence and consider the high risks associated with early-stage tokens.