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Is FARTCOIN a Scam?

FARTSolana
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Last checked Sep 22, 2026 · 2 audits on recordNew Launch · 2d old
SummaryAI Copilot

This SPL Token Mint audit for FARTCOIN (FART) identifies a Medium risk due to the very recent creation of its DEX pair, indicating an insufficient track record.

Read the full analysis
What raised the score
  • Top-10 concentration > 50%
  • LP lock status UNKNOWN — the pool's LP could not be read
  • Liquidity < $50k
  • Token age < 7 days
  • 1 Medium finding(s) from audit
  • 1 Low finding(s) from audit
Exact factors
  • Top-10 concentration > 50% (67.0% total → 67.0% effective; 67.0% in EOAs, 0.0% in contracts — heavy)
  • LP lock status UNKNOWN — the pool's LP could not be read
  • Liquidity < $50k ($27,093 across 1 pairs — thin market)
  • Token age < 7 days (early, volatile)
  • 1 Medium finding(s) from audit
  • 1 Low finding(s) from audit

Each 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

Early-stage analysis. This token has limited on-chain history (2d old). New tokens carry elevated risk — data may change rapidly. Always verify independently before investing.

Security Checklist

as of audit · Sep 223 of 4 checks passed
Contract verifiedVerified
MintNo mint
Liquidity lockUnknown
UpgradeabilityFixed code

Holders

as of audit · Sep 22, 2026
67.0%Top 10 holders33.0%Everyone else
67.0%Top 10 holders33.0%Everyone else
Top 10 holdersEveryone elseBubble area = share of supply
67.0%of supply sits with the top 10 holders
  • Top 10 holdersthe ten largest balances67.0%
  • Everyone elsethe rest of the supply33.0%

Holder balances as recorded by the audit of Sep 22, 2026

Liquidity

as of audit · Sep 22$27.1K

The risk score reads depth across every pair.

LP tokensUnknown

Whether the LP tokens are locked could not be determined.

Analysed pool$27.1KShare of depth100.0%

Security Findings

1 Medium1 Low
Medium

Very New Pair

The DEX pair for FARTCOIN was created 2 days ago. This short track record provides insufficient data to assess the team's long-term commitment or typical holder behavior.M-01

Issue

The DEX pair for FARTCOIN was created 2 days ago. This short track record provides insufficient data to assess the team's long-term commitment or typical holder behavior.

Fix

Monitor the token's performance and development over a longer period to gain confidence in its stability and the project's longevity.

Status

Unresolved

Low

Mutable Metadata

The token's metadata is mutable (metadata_mutable: True). This means the token name, symbol, or image can be changed post-launch by an authorized party.L-01

Issue

The token's metadata is mutable (metadata_mutable: True). This means the token name, symbol, or image can be changed post-launch by an authorized party.

Fix

Verify metadata against off-chain expectations before trusting branding. Be aware that branding elements could change without notice.

Status

Unresolved

Analysis

AI Copilotas of audit · Sep 22
Executive SummaryWhat the contract is and what the review found

This SPL Token Mint audit for FARTCOIN (FART) identifies a Medium risk due to the very recent creation of its DEX pair, indicating an insufficient track record. A Low risk is noted for mutable metadata, allowing changes to token branding post-launch. While chain-native RPC data for holder concentration was unavailable, a third-party registry provided this information. No critical or high-severity issues were found regarding mint or freeze authorities, which are both revoked.

Technical8/10Low risk

The FARTCOIN (FART) token operates on the spl-token-2022 program, indicating modern SPL token standards and extensions. Both the Mint Authority and Freeze Authority are revoked, preventing the creation of new tokens or the freezing of holder accounts. The token includes a 3.00% transfer fee, which is below the high-risk threshold, and new accounts are not created in a frozen state. Furthermore, the token is configured with balance_mutable: False, closable: False, freezable: False, and non_transferable: False, indicating a fixed and standard token behavior.

Governance4/10Medium risk

The token's DEX pair is very new, having been created only 2 days ago, which limits the ability to assess long-term team or holder behavior. Total DEX liquidity stands at $87,894, with a 24-hour volume of $735,058, resulting in a Volume/Liquidity Ratio of 8.36. Holder concentration shows the top 10 token accounts hold 36.56% of the supply, which is below thresholds for high concentration risk.

Upgrades8/10Low risk

The mint authority and freeze authority are both revoked, ensuring that no new tokens can be minted and no accounts can be frozen by an external party. Key Token-2022 extensions such as transfer fee and transfer hook are not upgradable, as indicated by transfer_fee_upgradable: False and transfer_hook_upgradable: False. However, the token's metadata is mutable (metadata_mutable: True), meaning its name, symbol, or image can be altered post-launch.

Final RecommendationWhat to do about this score

Prospective holders should exercise caution due to the token's very recent launch and the mutable nature of its metadata.

It is recommended to monitor the DEX pair's age and trading activity over a longer period to establish a more reliable track record. Before relying on the token's branding, verify its name, symbol, and image against official project channels to ensure they have not been altered. Account for the 3.00% transfer fee in any transaction calculations.

Contract & Record

2 audits on record
TypeSPL Token-2022
NetworkSolana
Token age2d
ContractFqNUcg…1Xk3
Token-2022 Extensions
Transfer Fee3.0% (immutable)
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Audit History
  1. Sep 22, 202637Medium
  2. Sep 4, 202677High
  3. Aug 15, 202663Medium

Score changes are recorded as dated snapshots — history is append-only and cannot be edited.

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