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Pudgy Penguins (PENGU-SOL) Listed on Raydium Raises Security Concerns
PUDGY-PENGUINS is currently listed on RAYDIUM with a price of $0.00000287. The market cap stands at $2.9 thousand, and liquidity is reported to be $287. With a total supply of 1 billion tokens, it shows a very low liquidity/high supply scenario, raising some concerns. The token features mutable metadata, and the deployer sent 100% of the token supply to other addresses, indicating potential risks such as rug pull vulnerabilities. Only 4.91% of tokens are held by the top address, with the rest dispersed among other small holders. Given the rating of "Risky" and the security details, caution is advised.
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AI Analysis
The Pudgy Penguins token (PENGU-SOL) listed on Raydium presents several red flags that should be carefully considered before any investment. The low market cap of $2.9K combined with liquidity of only...
AI Recommendation
Given the high level of risk associated with Pudgy Penguins (PENGU-SOL), it is advisable to avoid investing or trading this token at this time. The low liquidity makes entering or exiting large positi...
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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