strong sell
Pi Network on Raydium: High-Risk Listing with Concentrated Holders
Pi Network is listed on Raydium with a price of $0.00000303, a market capitalization of $3,000, and liquidity of $302. The token has a total supply of 1 billion and 4.93% of tokens are held by a single address, indicating a concentrated holder structure. The project has mutable metadata, and neither mint nor freeze authorities are designated, raising security concerns. The high risk rating is attributed to 100% of the token supply being sent to different addresses by the deployer and a liquidity-to-market cap ratio of 10:1, which is considered risky. Given these factors, caution is advised when considering investment in this token.
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AI Analysis
The Pi Network token, currently available on Raydium, exhibits several red flags for potential investors or traders. The high-risk rating stems from the fact that 100% of the token supply was transfer...
AI Recommendation
Given the high-risk profile, it is advisable to approach this token with extreme caution. Investors should consider avoiding trading until there is greater transparency, improved liquidity, and a more...
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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