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.