Pudgy Penguins Token on Raydium: High Risk Alert

The token PENGU-SOL, linked to Pudgy Penguins on Raydium, exhibits significant risk factors, including complete token supply transfer from the deployer and low liquidity of $316. Its market cap is merely $3,200, with approximately 4.91% held by a few addresses, raising concerns about distribution. These factors contribute to a risky rating, especially with mutable metadata and no mint or freeze authority, which could manipulate its features. Investors should exercise extreme caution given these vulnerabilities, especially in a rapidly volatile environment like Raydium.