Tesla AI Token Listing on Raydium Sparks Risk Concerns

The TESLA AI token is listed on Raydium and features a very low price point of $0.00000295, with a market cap of approximately $2.9K. Its liquidity is modest at $294, and the total supply is 1 billion tokens. The token exhibits a high risk level, as 100% of its supply was transferred from the deployer, indicating potential concerns about control and security. The platform’s security features include mutable metadata, with no mint or freeze authority, which could pose additional risks. The distribution among holders is relatively dispersed, with the largest holder possessing just under 5% of the supply. Given the absence of stringent security controls and the current token behavior, caution is advised for potential investors. Overall, the token’s high risk rating, low liquidity, and security issues suggest that it is highly speculative. Its listing on Raydium offers potential trading opportunities, but without significant security assurances, it remains a risky venture that warrants thorough due diligence before any investment decision.