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Is GROOVE Safe?

On-chain security analysis — is it a scam or legit?

GROOVE GROOVE
0x1cd3…08d3
Base
Not verifiedThis record has not gone through deep verification and is not being monitored. The score is a dated snapshot — the token’s risk can change at any time.
Last checked today 1 audit on record
DexScreener ↗
How is this score calculated? → Medium Risk
Executive SummaryAI Copilot

The GROOVE contract is an ERC-20 token implementation. While the contract's ownership has been renounced, a specific address retains the ability to mint new tokens, which could lead to supply dilution. The core ERC-20 functionalities are standard, and no upgradeability mechanism is present.

1 High1 Medium4 Informational
Volume 24h
$49.1K
Liquidity
$32.2K
Price
$0.0002053
Token Age
2y
Top 10 Holders
42.0%

Security Findings

1 High1 Med4 Info
High

Liquidity lock has expired

QA-LIQUIDITY0.0% of the pool's LP is burned or time-locked. 100.0% still sits in UNCX Locker, but that lock expired on 26 May 2026 — its owner can withdraw it at any moment. Some pools are concentrated-liquidity (V3/V4) positions; shares above are by position as GoPlus reports them.
Issue0.0% of the pool's LP is burned or time-locked. 100.0% still sits in UNCX Locker, but that lock expired on 26 May 2026 — its owner can withdraw it at any moment. Some pools are concentrated-liquidity (V3/V4) positions; shares above are by position as GoPlus reports them.
FixCheck the lock's end date and beneficiary on the locker's own page before relying on it.
StatusAcknowledged
Medium

Privileged Address Can Mint New Tokens

CP-01The `claimedinitialrelease` address has the ability to create new GROOVE tokens using the `depositAndClaimTokens` and `claimVestedTokens` functions. This means that this specific address can increase the total supply of GROOVE tokens, which could dilute the value of existing tokens held by others.
IssueThe `claimedinitialrelease` address has the ability to create new GROOVE tokens using the `depositAndClaimTokens` and `claimVestedTokens` functions. This means that this specific address can increase the total supply of GROOVE tokens, which could dilute the value of existing tokens held by others.
FixToken holders should be aware that the `claimedinitialrelease` address can mint new tokens. It is recommended that the project team consider implementing a maximum total supply for GROOVE tokens or ensure that the `claimedinitialrelease` address is controlled by a highly secure multi-signature wallet or a time-locked contract to prevent unauthorized or excessive minting.
StatusUnresolved
Info

Who holds the supply

QA-HOLDERSThe ten largest holders own 42.0% of supply. Of that, 8.3% in DEX pools — not holders that can sell, so excluded from the concentration score. What remains: 15.9% in wallets, 17.8% in other contracts. 61,903 holders in total.
IssueThe ten largest holders own 42.0% of supply. Of that, 8.3% in DEX pools — not holders that can sell, so excluded from the concentration score. What remains: 15.9% in wallets, 17.8% in other contracts. 61,903 holders in total.
FixWatch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
StatusAcknowledged
Info

Listed, but not independently verified

QA-IDENTITYListed on CoinGecko as GROOVE (GROOVE). 61,903 holders.
IssueListed on CoinGecko as GROOVE (GROOVE). 61,903 holders.
FixMatch the contract address against the project's official channels before trading.
StatusAcknowledged
Info

The market for this token

QA-MARKETLiquidity $32K (DexScreener, all pools). 24h trading volume $73K (CoinGecko, all markets, daily snapshot). 24h trading volume $49K (DexScreener, all pools). CoinGecko's record for this coin: all-time high $0.00937 on 2024-06-04; the price is now 97.9869% below it.
IssueLiquidity $32K (DexScreener, all pools). 24h trading volume $73K (CoinGecko, all markets, daily snapshot). 24h trading volume $49K (DexScreener, all pools). CoinGecko's record for this coin: all-time high $0.00937 on 2024-06-04; the price is now 97.9869% below it.
FixSize any position to the liquidity and daily volume shown — they set how much you can sell and at what price.
StatusAcknowledged
Info

Asset class: Project token

QA-PROFILEA token issued by a project for use, governance or fundraising. Scored on its contract and market facts. The class itself adds no points; the contract and market facts decide the score. Basis: no class-specific evidence. Tokenomics — Supply: mintable with no on-chain cap found. Control: nobody (ownership renounced). Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $32K of DEX liquidity across 2 pools. Launch: 856 days of market history.
IssueA token issued by a project for use, governance or fundraising. Scored on its contract and market facts. The class itself adds no points; the contract and market facts decide the score. Basis: no class-specific evidence. Tokenomics — Supply: mintable with no on-chain cap found. Control: nobody (ownership renounced). Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $32K of DEX liquidity across 2 pools. Launch: 856 days of market history.
FixCheck the project's own documentation for what the token is used for; this report covers what the contract allows.
StatusAcknowledged

Category Ratings

TechnicalLow8/10

The GROOVE contract implements standard ERC-20 token functionalities (7.2 Code Security). Ownership of the contract has been renounced, meaning functions restricted to the owner, such as `transferOwnership` and `renounceOwnership`, are no longer callable (7.3 Access Control). However, a specific address, `claimedinitialrelease`, retains the ability to mint new tokens via `depositAndClaimTokens` and `claimVestedTokens`, which is a significant technical control point (7.3 Access Control). The contract's transfer path does not rely on any privileged state, ensuring basic token transfers are not subject to external control (7.1 Architecture).

GovernanceLow8/10

The economic model of the GROOVE token is primarily influenced by the minting capability held by the `claimedinitialrelease` address (7.4 Economic). This address can increase the total supply of tokens, potentially diluting the value for existing holders. While the contract owner has renounced ownership, decentralizing control over some administrative functions, the minting power remains centralized (7.5 Governance). The `updateAccess`, `updateVestedAmount`, and `deductVestedAmount` functions, which manage vesting parameters, are restricted to the renounced owner and are therefore dormant (7.5 Governance).

UpgradesMedium6/10

The GROOVE contract is not designed with an upgradeability pattern (7.7 Upgrades). This means the contract's logic cannot be modified after deployment, which eliminates risks associated with proxy implementation bugs or malicious upgrades. Furthermore, the renounced ownership prevents any future owner from introducing upgrade mechanisms or altering core contract behavior (7.7 Upgrades).

Security Checklist

3/5 checks passed
Contract VerifiedPass
Ownership RenouncedPass
No Mint FunctionFail
Liquidity LockedFail
Not a ProxyPass
HoneypotNoneBuy Tax0.0%Sell Tax0.0%

Holder Composition

42.0% in top 10
15.9% in wallets17.8% in contracts
Effective Concentration23.0%

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.

Liquidity Depth

$32.2K across 2 pairs
Uniswap v3WETHanalysed$32.2K100.0%Uniswap v2WETH$60.0%

The risk score reads depth across every pair. The volume figure and the volume-to-liquidity ratio elsewhere on this page describe only the pair this audit analysed, so the two are not directly comparable.

LP Distribution

LP Locked100.0% · UNCX Locker
Top-1 Unlocked Holder0.0%

Key Addresses

2 addresses
Deployer
0x4b43…1293
Unlocked LP Held By
0xb5e6…f358

No privileged address appears among these holders: the unlocked liquidity sits with independent providers, not with the deployer.

What Raised This Score

4 factors
  • Mintable supply — no cap found, dilution unbounded
  • Liquidity NOT locked (100% of the pool) — held by independent providers — market-depth risk
  • Liquidity < $50k ($32,203 across 2 pairs — thin market)
  • Top-10 concentration > 20% (42.0% total → 23.0% effective; 15.9% in EOAs, 17.8% in contracts; 8.3% burned, locked or in pools excluded)

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

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