Is HORSE (HOR) Safe? Smart Contract Security Analysis

HORSE HOR

5pW67i…xEMB

Solana Not verifiedLast checked 3d ago 1 audit on record

DexScreener ↗

68 / 100

High Risk

Executive SummaryAI Copilot

This audit of the HORSE (HOR) SPL token mint found no critical or high-risk vulnerabilities based on the provided on-chain facts and market data. Both mint and freeze authorities are revoked, ensuring a fixed supply and preventing account freezing. The token exhibits moderate liquidity and normal trading patterns, with holder concentration below 50%. Third-party risk registry data reported no adverse flags, while holder distribution data was unavailable.

1 Informational

Volume 24h

$610.1800

Liquidity

$13.9K

Price

$0.00003865

Token Age

Top 10 Holders

65.5%

Security Findings

1 Info

Info

No code-level findings — an SPL mint exposes no auditable program source

I-01This token is an SPL token mint, not a deployed program: there is no contract source code on-chain for a line-by-line review, so no code-level vulnerability could be identified either way. The assessment on this page therefore rests on holder concentration, which are read directly from chain state and from third-party risk registries.

IssueThis token is an SPL token mint, not a deployed program: there is no contract source code on-chain for a line-by-line review, so no code-level vulnerability could be identified either way. The assessment on this page therefore rests on holder concentration, which are read directly from chain state and from third-party risk registries.

FixRead the risk score breakdown below as the substance of this audit. For a code-level review, the token would need an accompanying verified program.

StatusAcknowledged

Category Ratings

TechnicalMedium6/10

The HORSE (HOR) token is implemented using the standard `spl-token` program (v3). A key security strength is the revocation of both the Mint Authority and Freeze Authority, which prevents the creation of new tokens and the freezing of holder accounts. The token does not utilize Token-2022 extensions such as permanent delegates, transfer hooks, or default frozen account states, simplifying its operational model. The token is initialized with 6 decimals.

GovernanceHigh1/10

The token's economic profile shows a moderate DEX liquidity of $26,592. Trading activity appears normal, with a 24-hour volume to liquidity ratio of 1.47, which does not suggest wash trading. Holder concentration is relatively low, with the top 10 accounts holding 49.08% of the total supply, reducing the immediate risk of large-scale coordinated sell-offs. The pair has been active for 7 days, indicating a nascent market.

UpgradesMedium5/10

The HORSE (HOR) token mint has a fixed configuration due to the revocation of both its Mint Authority and Freeze Authority, meaning no further tokens can be minted and no accounts can be frozen. The token's metadata is also immutable, preventing changes to its name, symbol, or image. As a standard `spl-token` (v3), it does not support Token-2022 upgradeable extensions like transfer fee or transfer hook configurations.

Security Checklist

1/4 checks passed

Contract VerifiedFail

No Mint Function?

Liquidity LockedFail

Not a ProxyPass

Liquidity Depth

$13.9K

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.

What Raised This Score

7 factors

Ownership status UNKNOWN (owner could not be resolved)
Mint capability UNKNOWN (implementation ABI unreadable)
Contract source NOT verified
Top-10 concentration > 50% (65.5% total → 65.5% effective; 65.5% in EOAs, 0.0% in contracts — heavy)
Liquidity NOT locked (owner can withdraw — rug-pull risk)
Liquidity < $50k ($13,858 across 1 pairs — thin market)
Token age < 30 days (still settling)

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

Is HORSE Safe?