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Is Hyperliquid Strategies (Ondo Tokenized) a Scam?

PURRONBNB Chain
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 →
Last checked Oct 29, 2026 · 1 audit on recordNew Launch · 5h old
SummaryAI Copilot

The contract is a standard BeaconProxy implementation designed to delegate calls to an implementation contract defined by a beacon.

Read the full analysis
What raised the score
  • Issuer controls retained
Exact factors
  • Issuer controls retained (upgrade) — counterparty risk on a known issuer, not a rug vector

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

Early-stage analysis. This token has limited on-chain history (5h old). New tokens carry elevated risk — data may change rapidly. Always verify independently before investing.

Security Checklist

as of audit · Oct 293 of 7 checks passed
Contract verifiedVerified
OwnershipUnknown
MintUnknown
Liquidity lockNot locked
UpgradeabilityUpgradeable
HoneypotNone found
Buy / sell tax0% / 0%

Holders

as of audit · Oct 29, 2026482 holders
16.1%Contracts58.8%Wallets18.8%DEX pools6.3%
16.1%58.8%Wallets18.8%6.3%
ContractsWalletsDEX poolsEveryone elseBubble area = share of supply
93.7%of supply sits with the top 10 holders
  • Contractstreasury, vesting, bridge, staking16.1%
  • Walletsanonymous holders, free to sell58.8%
  • DEX poolsthe pools' own liquidity18.8%
  • Everyone else472 holders6.3%
Effective concentrationwhat the score reads65.2%
How holder types affect the score

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.

Holder balances as recorded by the audit of Oct 29, 2026

Liquidity

as of audit · Oct 29$56.7K across 30 pairs

The risk score reads depth across every pair.

LP tokensNot locked

The LP tokens of the analysed pool are not locked or burned, so whoever holds them can withdraw that liquidity.

Analysed pool$56.7KShare of depth100.0%
Top-1 Unlocked Holder95.5%
Top-3 Unlocked100.0%
Unlocked LP held by
0x8145…09920xf3f7…4872

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

Security Findings

6 Info
Info

No issues identified in the reviewed source

The verified source code was reviewed and no issue rising to Informational severity or above was identified. This is a statement about the code that was read, not a guarantee: the review covers the published source only. Fact-layer checks (holder concentration) were applied separately and feed the risk score.I-01

Issue

The verified source code was reviewed and no issue rising to Informational severity or above was identified. This is a statement about the code that was read, not a guarantee: the review covers the published source only. Fact-layer checks (holder concentration) were applied separately and feed the risk score.

Fix

Re-check after any contract upgrade or ownership change, both of which can alter behaviour without changing this page.

Status

Acknowledged

Info

Who holds the supply

The ten largest holders own 93.7% of supply. Of that, 18.8% in DEX pools — not holders that can sell, so excluded from the concentration score. What remains: 58.8% in wallets, 16.1% in other contracts. 482 holders in total. For a verified reference asset the largest holders are custodians, exchanges and bridges; concentration is reported, not scored.QA-HOLDERS

Issue

The ten largest holders own 93.7% of supply. Of that, 18.8% in DEX pools — not holders that can sell, so excluded from the concentration score. What remains: 58.8% in wallets, 16.1% in other contracts. 482 holders in total. For a verified reference asset the largest holders are custodians, exchanges and bridges; concentration is reported, not scored.

Fix

Watch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.

Status

Acknowledged

Info

Identity verified by independent sources

Listed on CoinGecko as Hyperliquid Strategies (Ondo Tokenized) (PURRON), rank #6090. Its admin (0x8860…3b26) controls 440 issuer-backed coins CoinGecko lists on bsc, $1.1B together, among them Circle Internet Group (Ondo Tokenized Stock), Ondo U.S. Dollar Token, iShares Core S&P 500 ETF (Ondo Tokenized ETF): one issuer's programme, read on-chain. 482 holders. Verified by: issuer programme.QA-IDENTITY

Issue

Listed on CoinGecko as Hyperliquid Strategies (Ondo Tokenized) (PURRON), rank #6090. Its admin (0x8860…3b26) controls 440 issuer-backed coins CoinGecko lists on bsc, $1.1B together, among them Circle Internet Group (Ondo Tokenized Stock), Ondo U.S. Dollar Token, iShares Core S&P 500 ETF (Ondo Tokenized ETF): one issuer's programme, read on-chain. 482 holders. Verified by: issuer programme.

Fix

Match the contract address against the project's official channels before trading.

Status

Acknowledged

Info

The market for this token

Liquidity $57K (DexScreener, all pools). 24h trading volume $52 (CoinGecko, all markets, daily snapshot). 24h trading volume $955K (DexScreener, all pools).QA-MARKET

Issue

Liquidity $57K (DexScreener, all pools). 24h trading volume $52 (CoinGecko, all markets, daily snapshot). 24h trading volume $955K (DexScreener, all pools).

Fix

Size any position to the liquidity and daily volume shown — they set how much you can sell and at what price.

Status

Acknowledged

Info

Asset class: Tokenized real-world asset

A token backed by an off-chain asset (a stock, gold, treasury bills, a fund share) held by a named issuer or custodian. Issuance, redemption and transfer restrictions are the issuer's by design. Scored as an established reference asset: its identity is verified, so the issuer's or protocol's controls (listed as findings) are real and are priced once as counterparty risk, and LP locks and holder concentration are not scored — its pools belong to market makers and its largest holders are exchanges, bridges and custody. Basis: CoinGecko category: Tokenized Stocks. Tokenomics — Supply: mint capability could not be read. Control: an owner that could not be resolved. Code: upgradeable proxy. Fees: no buy or sell tax. Market: $57K of DEX liquidity across 30 pools. Launch: under a day of market history.QA-PROFILE

Issue

A token backed by an off-chain asset (a stock, gold, treasury bills, a fund share) held by a named issuer or custodian. Issuance, redemption and transfer restrictions are the issuer's by design. Scored as an established reference asset: its identity is verified, so the issuer's or protocol's controls (listed as findings) are real and are priced once as counterparty risk, and LP locks and holder concentration are not scored — its pools belong to market makers and its largest holders are exchanges, bridges and custody. Basis: CoinGecko category: Tokenized Stocks. Tokenomics — Supply: mint capability could not be read. Control: an owner that could not be resolved. Code: upgradeable proxy. Fees: no buy or sell tax. Market: $57K of DEX liquidity across 30 pools. Launch: under a day of market history.

Fix

Treat the issuer or custodian as the counterparty: check its custody reports and who may hold or redeem the token.

Status

Acknowledged

Info

Recently launched — less than a day of market history

The token's oldest DEX pool is less than a day old. Age is not part of the risk score — a new token is not a risky one by default — but a short history means fewer trades and holder changes behind the facts in this report.QA-RECENT

Issue

The token's oldest DEX pool is less than a day old. Age is not part of the risk score — a new token is not a risky one by default — but a short history means fewer trades and holder changes behind the facts in this report.

Fix

Re-check ownership, liquidity and holder distribution as the token matures; those are the facts that move early.

Status

Acknowledged

Analysis

AI Copilotas of audit · Oct 29
Executive SummaryWhat the contract is and what the review found

The contract is a standard BeaconProxy implementation designed to delegate calls to an implementation contract defined by a beacon. The codebase follows established OpenZeppelin patterns for proxy architecture. No business logic or token functionality is present within this contract, as it serves purely as a transparent proxy layer.

Technical8/10Low risk

The architecture utilizes a standard BeaconProxy pattern, ensuring modularity and separation of concerns. 7.1 Architecture is robust, relying on well-tested ERC1967 storage slots to prevent collisions. 7.2 Code Security is high due to the minimal surface area and reliance on audited libraries. 7.6 External interactions are limited to delegatecalls, which are handled according to standard EVM specifications.

Governance10/10Low risk

7.4 Economic and 7.5 Governance factors are not applicable as this contract contains no internal state variables or logic governing tokenomics or administrative voting. The contract acts strictly as a forwarding mechanism. No economic risks exist within this specific contract scope.

Upgrades5/10Medium risk

7.7 Upgrades are managed via the beacon contract, which is the industry standard for proxy-based upgradeability. This allows for seamless implementation updates without changing the proxy address. 7.8 Operations are simplified by this design, though the security of the system depends entirely on the integrity of the beacon and implementation contracts.

Final RecommendationWhat to do about this score

Maintain the current implementation as it adheres to industry-standard proxy patterns.

Ensure that the beacon contract and the implementation contracts it points to undergo rigorous security audits, as the security of this proxy is entirely dependent on those external components.

Contract & Record

1 audit on record
TypeBeaconProxy
NetworkBNB Chain
Token age5h
Contract0x89cc…0601
Deployer0x16ac…6664
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Audit History
  1. Oct 29, 202611Low

Score changes are recorded as dated snapshots — history is append-only and cannot be edited.

Frequently Asked Questions

What is the PURRON contract address?

The Hyperliquid Strategies (Ondo Tokenized) (PURRON) contract on BNB Chain is 0x89cc700f308a4c59889fbf3286216554c53b0601. Compare it with the address the project itself publishes before trading: other contracts can carry the same name and ticker.

Is Hyperliquid Strategies (Ondo Tokenized) a scam?

Quantum Audit's risk score for Hyperliquid Strategies (Ondo Tokenized) is 11/100 (Low risk) as of Oct 29, 2026, computed by a deterministic function from on-chain facts — Contract verified: Verified; Liquidity lock: Not locked; Upgradeability: Upgradeable; Honeypot: None found; Buy / sell tax: 0% / 0%. A score is a dated snapshot of those facts, not a guarantee; each one is listed on this page.

Is PURRON liquidity locked?

Liquidity lock: Not locked (as of Oct 29, 2026). Total DEX liquidity: $56.7K.

Who holds PURRON?

As of Oct 29, 2026, the 10 largest holders own 93.7% of the supply across 482 holders. The Holders section on this page shows who they are by holder type.

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