PNUT-SOL on Raydium: A High-Risk, Low-Liquidity Token

The token PNUT-SOL is currently active on Raydium. It has a very low price of $0.00000374 and a market capitalization of just $3,700, indicating a very small-scale project. The token's liquidity stands at $374, which is relatively low, raising concerns about its tradability and potential for price manipulation. With around 4.90% of the total supply held by one address and a total supply of 1 billion tokens, the distribution is somewhat concentrated but not overly so. Security features reveal mutable metadata, and neither mint nor freeze authorities are present, which may pose additional risks. The overall rating is marked as 'Risky,' mainly because 100% of the token supply was moved by the deployer, amplifying the risk of rug pulls or exit scams. The project is associated with 'Peanut the Squirrel' and can be found through links to Raydium, Solscan, and other explorers. Given the low liquidity, high risk rating, and security concerns, this token appears highly speculative and risky for any investment.