SpaceX Token on Raydium Shows High-Risk Profile

The token SpaceX-SOL is currently operational on Raydium, characterized by an extremely low price of $0.00000003 and a modest market capitalization of $325. With a total supply of 10 billion tokens, its liquidity stands at only $32, indicating significant risk. The token's security features include mutable metadata, but it lacks mint and freeze authorities. Ownership distribution shows nearly 5% held by a few addresses, and notably, 100% of the supply was transferred by the deployer, raising concerns about centralization. The high risk rating stems from factors such as low liquidity, the substantial token transfer by the deployer, and mutable metadata, which increase vulnerability. Given these conditions, potential investors should exercise caution due to the significant risk elements involved. This could be a high-risk speculative opportunity, or it might be a rug pull attempt, especially considering the entire token supply was moved by the deployer and the low liquidity. Analyzing from a security perspective, such tokens require rigorous due diligence before considering any trading activity.