Official Elon Coin - High-Risk Meme Token with Low Liquidity and Centralized Ownership

The Official Elon Coin has a capitalization of approximately $289, with notably low liquidity of just under $29. The initial distribution required only 0.1 SOL plus an additional 5%, and the current price per coin is nearly negligible at $0.0000288872. Security features are somewhat limited, with mutable metadata enabled and no strong controls over minting or freezing authority, though liquidity pool burn is not an issue. Ownership is concentrated among a few wallets, each holding roughly 1% or less, with one wallet holding nearly 5%. The overall score given is poor, rated at 3, indicating significant concerns. Major red flags include very low liquidity, a significant portion of tokens (95%) transferred out by the creator, and mutable metadata, which can be exploited. In summary, this token exhibits high risks with security vulnerabilities, ownership concentration, and low liquidity, making it unsuitable for cautious investors. The token appears more like a pump-and-dump or a speculative project rather than a solid investment.