On-chain security analysis — is it a scam or legit?
SolanaThe HYPE token mint presents a critical security risk due to an unrevoked mint authority, allowing for unlimited new token creation and potential dilution of existing holders.
Read the full analysisEach 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
Holder balances as recorded by the audit of Sep 22, 2026
The 20 remaining pairs hold $149.4K between them and are not listed. The risk score reads depth across every pair.
Whether the LP tokens are locked could not be determined.
The mint authority is . The holder of this key can mint unlimited new tokens, diluting all current holders to zero value.
Verify on-chain that the mint authority is set to null before treating supply as fixed.
Unresolved
The HYPE token mint presents a critical security risk due to an unrevoked mint authority, allowing for unlimited new token creation and potential dilution of existing holders. This finding is corroborated by a third-party risk registry. While liquidity is robust and holder concentration is moderate, the fundamental risk of supply manipulation remains. Holder concentration data from chain-native RPC was unavailable.
The HYPE token operates under the spl-token program (v3). A critical vulnerability exists as the mint authority, held by , remains unrevoked, enabling arbitrary supply inflation. Conversely, the freeze authority has been revoked, preventing any account freezing. The token does not utilize Token-2022 extensions such as permanent delegate, transfer hook, or default frozen account state, and its metadata is immutable.
The HYPE token exhibits strong market activity with $5,807,513 USD in DEX liquidity and a 24-hour trading volume of $13,754,814 USD. The Volume/Liquidity ratio of 2.37 is normal, indicating healthy trading patterns without signs of wash trading. The DEX pair has been active for 297 days, providing a reasonable track record. Holder concentration is moderate, with the top 10 accounts holding 34.35% of the total supply, which does not trigger high concentration warnings.
The primary upgrade-related risk is the unrevoked mint authority, , which retains the power to modify the token's total supply post-launch. In contrast, the freeze authority has been permanently revoked, ensuring that user accounts cannot be frozen. The token's metadata is also immutable, preventing any unauthorized changes to its branding or descriptive information.
Before engaging with the HYPE token, it is imperative to verify on-chain that the mint authority (currently ) for the mint address has been permanently revoked.
Until this action is confirmed, the token's supply is not fixed and is subject to arbitrary inflation by the authority holder. Users should continuously monitor the mint authority status on-chain to ensure the integrity of the token's supply.
Free for any token on the record. It links to this page and always shows the current score and the date it was checked.
Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
The HYPE contract on Solana is 98sMhvDwXj1RQi5c5Mndm3vPe9cBqPrbLaufMXFNMh5g. Compare it with the address the project itself publishes before trading: other contracts can carry the same name and ticker.
Quantum Audit's risk score for HYPE is 42/100 (Medium risk) as of Sep 22, 2026, computed by a deterministic function from on-chain facts — Contract verified: Verified; Mint: Mintable; Upgradeability: Fixed code. A score is a dated snapshot of those facts, not a guarantee; each one is listed on this page.
As of Sep 22, 2026, the 10 largest holders own 36.0% of the supply. The Holders section on this page shows who they are by holder type.
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