watch
Redcorn's MoonX Listing Sparks Caution Amid Minimal Activity and Centralized Holdings
The new listing of Redcorn on MoonX presents a very small market cap of $41,910 and a minimal price point at $0.0000419, indicating it is still in early development or speculative stages. With 238 holders, the token is relatively obscure but shows some community engagement. The absence of recent smart money trades within the last quarter-hour suggests a lack of significant investor activity at this moment. The audit reveals a non-honeypot contract, but the developer holds a notable 46.12% share among the top ten holders, which could imply centralization risks. The developer's wallet contains 0.24 SOL, adding a minor liquidity point, yet the token’s overall ecosystem connection appears limited, given the missing website and only a Twitter presence. Risks include the typical concerns of rug pulls and scams, reinforcing the importance of thorough personal research. As always, caution is advised in such high-risk new tokens.
Source available for registered users Sign Up Free
AI Analysis
Analyzing the recent listing of Redcorn on MoonX reveals an asset characterized by very small market capitalization and early-stage development metrics. The token’s market cap under $50,000 and a pric...
AI Recommendation
Given the current data, the prudent approach is to avoid jumping into this new listing until more activity and transparency emerge. Potential investors should monitor subsequent on-chain activity, com...
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.
You might also be interested in:
partial sell