On-chain security analysis — is it a scam or legit?
The Animecoin contract is an ERC-20 token with voting capabilities.
Read the full analysisEach factor is an on-chain fact recorded at the time of this analysis. The score is computed from them by a deterministic function, so the same contract returns the same score for anyone who runs the audit. How scores are computed
Share held by contracts — treasury, vesting, bridge or staking — is discounted against share held by wallets when the score is computed: a contract cannot decide to sell the way an anonymous holder can, though it can still be drained or voted to sell. Effective concentration is the figure the risk score is actually calculated from.
Holder balances as recorded by the audit of Oct 16, 2026
The risk score reads depth across every pair.
The LP tokens of the analysed pool are not locked or burned, so whoever holds them can withdraw that liquidity.
0x7a98…4bc0No privileged address appears among these holders: the unlocked liquidity sits with independent providers, not with the deployer.
bridgeBurn function grants the l2gateway controller the ability to reduce the balance of any Animecoin holder. This means the l2gateway can effectively remove tokens from any address without their consent, posing a significant risk of censorship or asset seizure.CP-02The bridgeBurn function grants the l2gateway controller the ability to reduce the balance of any Animecoin holder. This means the l2gateway can effectively remove tokens from any address without their consent, posing a significant risk of censorship or asset seizure.
Token holders should be aware that the l2gateway address can directly burn tokens from their accounts. Investigate the governance and security measures surrounding the l2gateway to ensure it is controlled by trusted parties and robust security practices.
Unresolved
bridgeMint function allows the l2gateway controller to create new Animecoin tokens at will. This means the total supply of Animecoin can be increased by a single entity, potentially diluting the value of tokens held by other users.CP-01The bridgeMint function allows the l2gateway controller to create new Animecoin tokens at will. This means the total supply of Animecoin can be increased by a single entity, potentially diluting the value of tokens held by other users.
Token holders should be aware that the l2gateway address has the power to mint new tokens. It is critical to understand who controls this l2gateway address and what safeguards are in place to prevent arbitrary minting.
Unresolved
0.0% of the pool's LP is burned or time-locked. 100.0% is held, unlocked, by 1 address(es) other than the owner/deployer. One of them — a wallet, 0x7a98…4bc0 — holds 100.0% and can remove that share at once; who controls it is not visible on-chain, so it is not treated as an independent provider. Some pools are concentrated-liquidity (V3/V4) positions; shares above are by position as GoPlus reports them.
Check the lock's end date and beneficiary on the locker's own page before relying on it.
Acknowledged
The ten largest holders own 81.9% of supply. What remains: 70.8% in wallets, 11.1% in other contracts. 102,889 holders in total.
Watch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
Acknowledged
Listed on CoinGecko as Animecoin (ANIME), market cap $17M, rank #918. Traded on Binance. 102,889 holders. Verified by: CoinGecko, exchange listings.
Match the contract address against the project's official channels before trading.
Acknowledged
Liquidity $68K (DexScreener, all pools). 24h trading volume $51.7M (CoinGecko, all markets, daily snapshot). 24h trading volume $185K (DexScreener, all pools). CoinGecko's record for this coin: all-time high $0.186 on 2025-01-23; the price is now 98.3062% below it.
Size any position to the liquidity and daily volume shown — they set how much you can sell and at what price.
Acknowledged
A community token whose value comes from attention rather than a product. Being a meme is not a risk in itself: it is scored on exactly the same contract and market facts as any other token. The class itself adds no points; the contract and market facts decide the score. Basis: CoinGecko category: Meme. Tokenomics — Supply: mintable with no on-chain cap found. Control: l2gateway — a contract. Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $68K of DEX liquidity across 5 pools. Launch: 631 days of market history.
Expect attention-driven volatility; the facts in this report say whether the contract itself can be used against holders.
Acknowledged
The Animecoin contract is an ERC-20 token with voting capabilities. It includes privileged functions, bridgeMint and bridgeBurn, controlled by an l2gateway address. These functions allow the l2gateway to create new tokens or destroy existing tokens from any holder's balance, posing significant centralization and economic risks.
The Animecoin contract implements standard ERC-20 functionality, including transfer, transferFrom, and approve, along with ERC-20 Votes extensions, ensuring broad compatibility (7.1 Architecture). However, the contract includes bridgeMint and bridgeBurn functions, restricted to the l2gateway address (7.3 Access Control). The bridgeBurn function allows the l2gateway to directly reduce any holder's balance, effectively confiscating tokens (7.2 Code Security). The bridgeMint function allows arbitrary creation of new tokens, which can dilute existing holders.
The contract integrates ERC-20 Votes, enabling decentralized governance mechanisms for future protocol decisions (7.5 Governance). However, the l2gateway address holds significant economic power, as it can mint an unlimited supply of new tokens via bridgeMint, leading to potential inflation and dilution of existing token holders (7.4 Economic). Furthermore, the bridgeBurn function allows the l2gateway to arbitrarily burn tokens from any address, which could be used to censor or seize assets (7.4 Economic). This centralizes critical economic control.
The Animecoin contract is not implemented as a proxy and does not include any self-upgrade mechanisms, providing immutability (7.7 Upgrades). As a non-upgradeable contract, any discovered vulnerabilities or desired feature changes would require a new deployment and migration, which can be complex and costly (7.7 Upgrades).
It is crucial to ensure the l2gateway address, which controls the bridgeMint and bridgeBurn functions, is secured with the highest possible standards.
Implement robust multi-signature controls, time-locks, or a decentralized governance mechanism for this address to mitigate the risks of centralized control and potential misuse. Token holders should be fully aware of the extensive powers granted to the l2gateway.
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