Pi Network (Rug Risk on Raydium) Continues to Signal Caution

Pi Network, currently traded on Raydium with a price of $0.00000299 and a market capitalization of $3,000, presents significant risk factors despite its liquidity of $298. More than 100% of the token supply was transferred from the deployer, indicating potential security vulnerabilities. The token's high risk rating reflects these underlying concerns, including mutable metadata and a low liquidity-to-market cap ratio, which may lead to high volatility and potential liquidity issues. Investors should be cautious and conduct thorough due diligence before engaging with this token. The project has a very small market cap, which makes it highly speculative and sensitive to price swings. The shared links indicate a presence on various platforms such as BirdEye, Raydium, RugCheck, DexScreener, and Solscan, but the lack of security controls and the high concentration of tokens held by a few addresses pose notable risks. The description is minimal, emphasizing the need for further investigation into the project's fundamentals and legitimacy. Given these factors, it is recommended to avoid investing in Pi Network at this time, especially due to its risky profile and potential for rug pulls or maker manipulation. If considering involvement, it should be limited to very small, speculative positions with full awareness of the risks involved. Overall, safer options with better transparency and security should be prioritized in the crypto space.