On-chain security analysis — is it a scam or legit?
SolanaThe Jupiter Perps LP (JLP) token mint retains both mint and freeze authorities, allowing for unlimited token creation and account freezing, posing critical risks to 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 $635.1K 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 freeze authority is . The holder can freeze any holder's account, blocking transfers and effectively confiscating funds.
Avoid tokens whose freeze authority is not revoked unless the issuer is a regulated stablecoin operator.
Unresolved
Top 10 token accounts hold 83.35% of supply. Coordinated sell-off would crash price; single-whale dumps are common in this range.
Account for the significant risk of price volatility due to concentrated holdings. Monitor large holder movements closely.
Unresolved
Token name, symbol, or image can be changed post-launch.
Verify metadata against off-chain expectations before trusting branding.
Unresolved
The Jupiter Perps LP (JLP) token mint retains both mint and freeze authorities, allowing for unlimited token creation and account freezing, posing critical risks to holders. Additionally, 83.35% of the supply is held by the top 10 accounts, indicating high centralization. Third-party registry data and DEX market data were available for this assessment.
The Jupiter Perps LP (JLP) token is an SPL token operating under the spl-token program. It has a total supply of 194,879,188.192344 tokens with 6 decimals. Critically, both the mint authority and freeze authority are active and controlled by , allowing for supply manipulation and asset confiscation. The token is freezable, but new accounts are not created frozen.
The token exhibits high holder concentration, with the top 10 accounts holding 83.35% of the total supply, which could lead to significant price volatility from large sell-offs. Liquidity is robust at $1,339,827 USD, and the 24-hour volume of $1,464,474 USD results in a normal Volume/Liquidity Ratio of 1.09. The DEX pair has been active for 910 days, providing a substantial track record.
The token's mint and freeze authorities are not revoked, residing with . This means the token's supply and transferability parameters can be altered post-launch. Additionally, the metadata is mutable, allowing for changes to the token's name, symbol, or image. There are no Token-2022 specific upgradeable extensions like transfer fees or transfer hooks present.
Before any interaction, verify on-chain that the mint authority for the token has been permanently revoked to ensure the supply is fixed.
Additionally, confirm the freeze authority has been revoked to prevent arbitrary freezing of funds. Given the high holder concentration, monitor on-chain movements of the top accounts for potential large-scale sell-offs. Regularly check the token's metadata on-chain to ensure it aligns with expected branding, as it can be changed.
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.
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