A meme coin with no product, and the launch-block bundle and the dev have both already sold out.

17 wallets bought 26% in the launch block

This looks like a bundle, usually the dev buying through extra wallets. They have sold all of it.

Two big wallets share a funder

Both got their first SOL from the same wallet, which suggests the same person controls them.

Dev sold their bag

The dev bought 6.4% of supply and sold 6.3%, and now holds 0%.

1% tax on every transfer

The Token-2022 transfer fee can be raised later, which could make selling more costly.

Musk quote is unverified

The coin's X bio quotes Elon Musk and mentions "musk4". Nothing shows he said it or is linked to the coin, and "musk4" is not explained.

Small, new X account

The account is 16 days old with 56 followers and 9 posts. 17 accounts are posting the CA, and 11 of them have over 1K followers.

Dev has launched other coins and fees go elsewhere

The dev launched 2 other coins, and none of the 2 checked were below $6K market cap a day after launch. Creator fees go to a different wallet, and the dev wallet was freshly funded 2 days ago.

Holders are fairly spread out

The top 10 wallets hold 19% and the largest holds 2.5%, excluding the pools.