$PKONG (Pepekong) on Solana shows improved holder distribution and increased indexed liquidity in its latest scan, but thin market depth and no reported locked-liquidity coverage remain significant concerns. TokenToolHub intelligence score: 80/100 (previously 60/100) Current evidence: • Token program: SPL Token • Mint authority: Disabled • Freeze authority: Disabled • No material transfer-control extension detected • No transfer-fee extension detected • Largest resolved owner: 17.67% • Top 10 resolved owners: 38.65% • Current supply: 1B • Best indexed liquidity: ~$5.74K • 24h volume: ~$22.04K • Liquidity lock coverage: 0% reported locked • External risk score: 1/100 (RugCheck) • Recent authority/mint/freeze activity: None detected in bounded sample TokenToolHub identifies two priority findings: • HIGH: Thin liquidity depth • MEDIUM: Heavy dependence on one liquidity pool The latest snapshot shows notable improvements in holder distribution. The largest resolved owner decreased from 25.99% to 17.67%, while top-10 concentration declined from 56.71% to 38.65%. However, major addresses still require classification before attributing ownership to individual investors, liquidity pools or project insiders. Market liquidity has also increased. Best indexed liquidity rose from approximately $3.95K to $5.74K, while reported 24h trading volume increased to $22.04K. Despite this improvement, available market depth remains thin. Larger transactions could experience substantial slippage, particularly during concentrated selling activity. Liquidity protection remains unresolved. The report shows 0% locked-liquidity coverage. This does not independently establish that liquidity can be withdrawn immediately, but liquidity-provider controls require verification. On-chain authority findings remain favorable. Mint and freeze authorities are disabled, with no material transfer-control or transfer-fee extensions detected. However, executable buy and sell routes were not returned. Practical sellability, sell impact and metadata update authority remain unresolved. The 80/100 TokenToolHub intelligence score reflects improved holder-distribution evidence, while retaining significant liquidity-related risks. Priority: Verify liquidity-provider ownership, examine lock conditions and independently establish executable sell routes. CA: 3ttAXdqca9Fz6PCDQAZWeXh5YQ8wicLMFvQvEEXLPwZr