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New Solana Token $THECOIN Listed on MoonX with High Concentration in Top Holders
The latest addition to the MoonX platform is $THECOIN, a Solana-based token. It has a current market cap of approximately $4,803.56 and is trading at a very low price of $0.0000048. There are 47 holders involved so far. The token started on May 30, 2025, at 08:34:30. On-chain analysis shows no recent smart money transactions in the past 15 minutes. The token appears to be free from a honeypot scam, though it does not have a burn pool or blacklist protections. The developer's wallet holds 0.03 SOL, and the top 10 holders own over 94% of the token. There are no linked social media accounts at the moment except for Twitter, and the project's official website is not available. The warning highlights the high risk associated with cryptocurrency investing, emphasizing the need for thorough research, caution against FOMO, and vigilance against scams like rug pulls. Community members are encouraged to stay updated through announcements and share insights.
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AI Analysis
The launch of $THECOIN on MoonX presents a typical scenario of a new cryptocurrency with very low price and modest market cap. Its centralized ownership, with over 94% held by just 10 wallets, raises ...
AI Recommendation
Given the current lack of activity, transparency issues, and high concentration of holdings in $THECOIN, it is prudent for investors to avoid entering into this token at this stage. The high risk asso...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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