Is Graphite Safe?

The Graphite (GP) token is a standard SPL Token Program v3 mint. Both the mint authority and freeze authority have been revoked, ensuring no new tokens can be minted and no existing accounts can be frozen. The token has a fixed supply of 58,648,962.123293915 GP. No Token-2022 extensions like permanent delegate or transfer hooks are active, indicating a basic token implementation. However, the metadata is mutable, allowing for changes to branding details (7.3 Access Control, 7.2 Code Security).

The token exhibits a notable holder concentration, with the top 10 accounts collectively holding 52.78% of the total supply, posing a medium risk for market manipulation (7.4 Economic). Liquidity is healthy at $399,387 USD, and the 24-hour volume of $285,049 USD results in a normal Volume/Liquidity ratio of 0.71. The pair has been active for 491 days, providing a sufficient track record for market behavior analysis (7.6 External).

The mint authority and freeze authority for the Graphite (GP) token have both been revoked, preventing any further changes to the token's supply or the ability to freeze accounts. As a classic SPL Token Program v3, it does not utilize Token-2022 extensions that introduce upgradeability or additional authorities like permanent delegates or transfer hooks. However, the token's metadata is mutable, meaning its name, symbol, or image can be altered post-launch (7.7 Upgrades).