Pi Network Listed on Raydium with High-Risk Profile

Pi Network is currently listed on Raydium with a very low price of $0.00000329 and a market capitalization just over $3,300. The total token supply is 1 billion, and the liquidity available is only about $328, which indicates limited trading volume and potential difficulty in liquidating positions. The token's security features include mutable metadata, and no mint or freeze authority is cited, raising concerns about control and transparency. Nearly 5% of the tokens are held by a handful of addresses, hinting at a centralized distribution. The overall rating is high risk, as all tokens were moved from the deployer to other addresses, and the liquidity ratio to market cap is very low at 10%, further emphasizing the tokens' risky nature. Given these factors, it is advised to approach this token with caution, considering the significant risks associated with liquidity constraints, centralization, and potential rug pull scenarios.