RLM on Solana: High-Risk Pump With Concentrated Holders
I see a newly minted Solana token, Reddit Language Model (RLM), launched about 10 minutes ago and already printing an ATH with a quoted price of $0.00011356. Reported market cap is ~$114K and liquidity ~$39.4K.
Volume and buy/sell spikes look like a rapid pump: 5M and 1H activity is elevated and the top 10 holders control ~34% of supply, which means price action is highly concentrated and fragile.
I'm not comfortable with this as a buy for anything but a very small, speculative trade — the combination of tiny age, concentrated holders, promo messaging and low public history raises a high rug/dump risk.
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