On-chain security analysis — is it a scam or legit?
SolanaThe EURC token mint retains active mint and freeze authorities, posing significant centralization risks to holders.
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
Solana holder types come from the account itself: a program-derived account (no private key — vaults, vesting, pools) counts as a contract; anything else is a wallet. DEX pools are matched to the token's own pools and left out of the concentration the score reads.
Holder balances as recorded by the audit of Oct 28, 2026
The 20 remaining pairs hold $9.4K between them and are not listed. The risk score reads depth across every pair.
Whether the LP tokens are locked could not be determined.
The mint authority is . The holder of this key can mint unlimited new tokens, diluting all current holders to zero value.
Verify on-chain that the mint authority is set to null before treating supply as fixed.
Unresolved
The freeze authority is . The holder can freeze any holder's account, blocking transfers and effectively confiscating funds.
Avoid tokens whose freeze authority is not revoked unless the issuer is a regulated stablecoin operator.
Unresolved
The ten largest holders that can sell hold 72.28% of supply. Coordinated sell-off would crash price; single-whale dumps are common in this range.
Monitor top wallet activity for signs of coordinated liquidation.
Unresolved
Token name, symbol, or image can be changed post-launch.
Verify metadata against off-chain expectations before trusting branding.
Unresolved
The ten largest holders own 72.3% of supply. What remains: 72.3% in wallets, 0.0% in other contracts. 57,468 holders in total. For a verified reference asset the largest holders are custodians, exchanges and bridges; concentration is reported, not scored.
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 EURC (EURC), market cap $486M, rank #112. On GoPlus's list of trusted tokens. 57,468 holders. Verified by: CoinGecko, GoPlus.
Match the contract address against the project's official channels before trading.
Acknowledged
Liquidity $545K (DexScreener, all pools). 24h trading volume $32.9M (CoinGecko, all markets, daily snapshot). 24h trading volume $1.3M (DexScreener, all pools).
Size any position to the liquidity and daily volume shown — they set how much you can sell and at what price.
Acknowledged
The contract lets its controller — the freeze authority — mint new supply; freeze or blacklist individual addresses; change the token's name, symbol and image. These are the issuer's controls by design; for a verified issuer they are counterparty risk — the issuer can act on any holder, including you.
Check who holds these powers and whether a timelock or multisig stands between them and holders.
Acknowledged
A token designed to hold a fixed value (usually $1). Its safety rests on what backs it and on who can mint, freeze or pause it. Scored as an established reference asset: its identity is verified, so the issuer's or protocol's controls (listed as findings) are real and are priced once as counterparty risk, and LP locks and holder concentration are not scored — its pools belong to market makers and its largest holders are exchanges, bridges and custody. Basis: CoinGecko category: EUR Stablecoin. Tokenomics — Supply: issued and redeemed by the issuer against its backing. Control: the freeze authority. Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $545K of DEX liquidity across 30 pools. Launch: 1045 days of market history.
Check what backs the peg and who controls supply: reserve attestations for an issuer-backed coin, collateral and governance for a protocol coin.
Acknowledged
The EURC token mint retains active mint and freeze authorities, posing significant centralization risks to holders. Holder concentration exceeds 70%, indicating potential for high price volatility. Third-party registry data indicates no adverse flags, though liquidity lock status remains unverified.
The token utilizes the standard SPL Token program (v3). 7.1 Architecture is standard for SPL mints. 7.3 Access Control is currently centralized, as both the mint authority (Hy9168...) and freeze authority (6FF2CP...) remain active. 7.2 Code Security is inherent to the audited SPL program, though the active authorities allow for unlimited supply expansion and account freezing.
7.4 Economic analysis shows a holder concentration of 72.28% among the top 10 wallets, triggering a high-risk concentration warning. 7.5 Governance is centralized due to the active authorities. 7.6 External market data shows $393,121 in liquidity with a healthy volume/liquidity ratio of 3.05, though the lock status of this liquidity is unverified.
7.7 Upgrades are not applicable to SPL mints in the EVM sense, but 7.8 Operations are affected by the metadata mutability flag. The token metadata is currently mutable, allowing for potential branding changes. Authority revocation status remains unaddressed, maintaining the current risk profile.
Holders should monitor the mint and freeze authority addresses for potential revocation transactions.
Given the high holder concentration, users should be prepared for significant price volatility during large sell-offs. Verify the liquidity lock status via on-chain explorers to ensure the pool creator cannot withdraw the $393k liquidity. Do not treat this token as a fixed-supply asset until the mint authority is set to null.
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Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
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