Risky SpaceX Token on Raydium with Low Liquidity and High Centralization Risks - Expert Analysis | Cryptochase AI
strong buy

Risky SpaceX Token on Raydium with Low Liquidity and High Centralization Risks

The token SpaceX-SOL is currently available on RAYDIUM with a very low price of $0.00000320 and a market cap of only $3.2k. Its liquidity stands at $320, with a total supply of 1 billion tokens. The security features indicate mutable metadata and an absence of mint or freeze authorities, which could pose risks. Around 4.92% of the tokens are held by a single address, with several others holding smaller percentages. The rating clearly states it's risky because 100% of the supply was sent by the deployer to different addresses, and the liquidity is very low relative to market cap. Given these factors, this token appears highly speculative. The quite low market cap and liquidity, combined with the high percentage of tokens held by a few addresses and mutable metadata, suggest significant risk of manipulation or loss. The absence of mint and freeze authorities reduces control but also raises concerns about security and transparency. Investors considering this token should exercise extreme caution. Its volatility and the extremely limited backing suggest it is suitable only for very risk-tolerant individuals with a thorough understanding of potential scam or rug-pull risks. It is advisable to closely monitor developments, community activity, and security updates before making any move. Overall, this token's environment is precarious, and one should be very cautious about engagement or investment. The risks outweigh the potential gains in this scenario, ongoing due diligence is essential.
Source available for registered users Sign Up Free

Analysis

In-Depth Analysis of SpaceX-SOL on Raydium

This token, named SpaceX, is currently listed on Raydium, a decentralized exchange platform. It has an extremely low price of $0.00000320, and a small market cap of approximately $3,200, which indicates a very early-stage or highly speculative asset. The total token supply is 1 billion, but what stands out is the 100% distribution of tokens, which was sent by the deployer to various addresses, raising concerns about centralization and the potential for market manipulation.

The liquidity pool value is just $320, a figure that is very low for a token with such a supply. Low liquidity often leads to volatile price swings and susceptibility to price manipulation, especially in the absence of active market control. The security setup includes mutable metadata, which means the token issuer or deployer can alter some key information about the token at will, increasing the risk of scams or deceptive practices.

Another aspect to consider is the distribution of tokens — with 4.92%, 0.95%, and similar holdings by small addresses, the entire token supply appears highly concentrated among a few holders, with the majority of tokens potentially under the control of the deployer or a small group. This centralization can lead to pump-and-dump schemes or rug pulls, especially given the overall risky rating highlighted by the platform.

Furthermore, the lack of mint or freeze authorities reflects a one-time deployment, which might be intended for decentralization but, combined with the mutable metadata and distribution pattern, does not mitigate the risks involved. The various external links suggest the token is tracked across multiple analytics platforms, but no validation of security or legitimacy is provided beyond basic listings.

In summary, the current status of SpaceX on Raydium is highly speculative and risky. Its low liquidity, extreme centralization, mutable security, and the newness of the offering imply a high potential for loss. Investors should be wary and perform extensive due diligence before participating in such tokens.

Recommendation

Actionable Advice for Potential Investors

Given the high-risk profile of the SpaceX token on Raydium, the recommended course of action is to avoid making any significant investment at this stage. The combination of low liquidity, high centralization, and mutable security features make it an unsuitable candidate for most investors looking for stable or predictable returns.

If interested in this project for speculative purposes, only consider a very small amount of capital that you are willing to lose entirely, and keep a close watch on community developments and any security updates. Additionally, it is wise to verify the credibility of the token through trusted sources and avoid high-leverage or hurried trading activities.

Overall, cautious engagement is crucial. Due to the current flags raised by security and risk auditors, more transparency and evidence of legitimate activity would be necessary before considering a purchase. Most prudent investors should wait until more stable and secure offerings are available in the market or until the project demonstrates stronger security measures and better distribution practices.

Disclaimer

The 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: