This audit of the Helium Network Token (HNT) mint identifies a critical risk due to the active mint authority, which allows for unlimited token creation and potential dilution of all holders. Additionally, the token's metadata is mutable, meaning its name, symbol, or image can be altered post-launch. While chain-native RPC holder distribution data was unavailable, third-party data indicates a moderate holder concentration.

On-chain security analysis — is it a scam or legit?
Is Helium Safe?
Not verified
This 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.Own this token? Put it under verification →This audit of the Helium Network Token (HNT) mint identifies a critical risk due to the active mint authority, which allows for unlimited token creation and potential dilution of all holders.
Read the full analysis- Mintable supply — no cap found, dilution unbounded
- Top-10 concentration > 20%
- Liquidity not locked
- LP top1 unlocked holder = 100.0%
- LP top3 unlocked holders = 100.0%
- 1 Critical finding(s) from audit
- 1 Low finding(s) from audit
Exact factors
- Mintable supply — no cap found, dilution unbounded
- Top-10 concentration > 20% (26.5% total → 26.5% effective; 26.5% in EOAs, 0.0% in contracts — mild)
- Liquidity NOT locked (owner can withdraw — rug-pull risk)
- LP top1 unlocked holder = 100.0% (exit-liquidity risk, pool = 66% of DEX liquidity)
- LP top3 unlocked holders = 100.0% (exit-liquidity risk, pool = 66% of DEX liquidity)
- 1 Critical 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
Security Checklist
as of audit · Sep 22Holders
as of audit · Sep 22, 2026- Top 10 holdersthe ten largest balances26.5%
- Everyone elsethe rest of the supply73.5%
Holder balances as recorded by the audit of Sep 22, 2026
Liquidity
as of audit · Sep 22- RaydiumSOLAnalysed$410.5K66.3%
- Raydium CPMMUSDC$117.0K18.9%
- Orca wpUSDC$23.6K3.8%
- Orca wpSOL$23.6K3.8%
- Orca wpSOL$19.3K3.1%
- Meteora DYN2USDC$7.4K1.2%
Show 4 more pairs
The 9 remaining pairs hold $2.4K between them and are not listed. 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.
Security Findings
CriticalMint Authority Not Revoked
The mint authority is 3QqEkX…Yom3. The holder of this key can mint unlimited new tokens, diluting all current holders to zero value.C-01
Issue
The mint authority is . The holder of this key can mint unlimited new tokens, diluting all current holders to zero value.
Fix
Verify on-chain that the mint authority is set to null before treating supply as fixed.
Status
Unresolved
LowMutable Metadata
Token name, symbol, or image can be changed post-launch, as indicated by metadata_mutable: True.L-01
Issue
Token name, symbol, or image can be changed post-launch, as indicated by metadata_mutable: True.
Fix
Verify metadata against off-chain expectations before trusting branding.
Status
Unresolved
Analysis
AI Copilotas of audit · Sep 22The Helium Network Token (HNT) is an SPL token operating under the classic spl-token program. A significant technical risk is the active mint authority, held by , which enables the creation of new tokens at any time (7.3 Access Control). The freeze authority, however, has been revoked, preventing the freezing of holder accounts. The token does not utilize advanced Token-2022 extensions such as balance mutability, transfer hooks, or default frozen account states, indicating a simpler token configuration (7.1 Architecture).
The economic stability of HNT shows moderate holder concentration, with the top 10 accounts holding 25.99% of the supply, which is below thresholds for high concern (7.4 Economic). The token has substantial liquidity, with $777,906 USD available on DEXs, and a healthy 24-hour trading volume of $3,742,515 USD. The Volume/Liquidity Ratio is 4.81, which is considered normal and does not suggest wash trading. The DEX pair has been active for 1225 days, providing a long track record (7.6 External).
The mint authority for HNT is currently active at , allowing for potential changes to the total supply (7.7 Upgrades). In contrast, the freeze authority has been revoked, ensuring that existing token accounts cannot be frozen. The token's metadata is mutable, meaning its name, symbol, or image can be changed after launch, which could impact branding and trust (7.7 Upgrades). The token does not use Token-2022 extensions, thus no related upgradeability concerns apply.
Before engaging with this token, verify on-chain that the mint authority has been permanently revoked to ensure the token supply is fixed and immune to arbitrary inflation.
Monitor the token's metadata for any unauthorized changes to its name, symbol, or image, as these can be altered due to the mutable metadata flag. Regularly check the token's official communication channels for any announcements regarding authority changes or supply adjustments.
Contract & Record
Free for any token on the record. It links to this page and always shows the current score and the date it was checked.
- Sep 22, 202658Medium
- Sep 4, 202678High
- Aug 30, 202653Medium
Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
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