On-chain security analysis — is it a scam or legit?
PolygonPandaToken is a standard ERC-20 implementation deployed on Polygon.
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
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 Nov 7, 2026
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.
0xba7d…b31bNo privileged address appears among these holders: the unlocked liquidity sits with independent providers, not with the deployer.
The ten largest holders own 95.7% of supply. Of that, 80.0% burned, 0.1% in DEX pools — not holders that can sell, so excluded from the concentration score. What remains: 15.5% in wallets, 0.1% in other contracts. The deployer/owner wallet itself holds 80.0%. A holder that also controls the contract can sell into its own liquidity. 1,939 holders in total.
Watch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
Acknowledged
The contract includes a receive function that allows it to accept native ETH, but it lacks any function to withdraw or transfer these funds out of the contract. Any ETH sent to the contract address will be permanently locked.
If the contract is not intended to hold ETH, remove the receive function. If it is intended to hold ETH, implement a restricted function that allows the owner to withdraw the balance.
Unresolved
0.0% of the pool's LP is burned or time-locked. 100.0% is held, unlocked, by 1 address(es) other than the owner/deployer. One of them — a wallet, 0xba7d…b31b — holds 100.0% and can remove that share at once; who controls it is not visible on-chain, so it is not treated as an independent provider. Some pools are concentrated-liquidity (V3/V4) positions; shares above are by position as GoPlus reports them.
Check the lock's end date and beneficiary on the locker's own page before relying on it.
Acknowledged
1,939 holders. Not listed by CoinGecko or any exchange GoPlus tracks. Nothing independent confirms who is behind this token, so every power its contract grants is scored at face value.
Match the contract address against the project's official channels before trading.
Acknowledged
Liquidity $462K (DexScreener, all pools). 24h trading volume $67K (DexScreener, all pools).
Size any position to the liquidity and daily volume shown — they set how much you can sell and at what price.
Acknowledged
A token issued by a project for use, governance or fundraising. Scored on its contract and market facts. The class itself adds no points; the contract and market facts decide the score. Basis: no class-specific evidence. Tokenomics — Supply: fixed — the contract has no mint function. Control: a single wallet (EOA). Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $462K of DEX liquidity across 1 pools. Launch: 310 days of market history.
Check the project's own documentation for what the token is used for; this report covers what the contract allows.
Acknowledged
PandaToken is a standard ERC-20 implementation deployed on Polygon. The contract logic is straightforward and adheres to standard token patterns, with no privileged administrative functions or complex upgradeability mechanisms. The primary concern identified is the accidental locking of native ETH sent to the contract address.
The architecture follows standard ERC-20 patterns with 7.1 Architecture and 7.2 Code Security being robust. 7.3 Access Control is effectively non-existent as there are no privileged functions, which simplifies the threat model. 7.6 External interactions are limited to standard token transfers, minimizing external attack vectors.
7.4 Economic and 7.5 Governance factors are minimal as the contract is a simple utility token. There are no inflationary mechanisms or complex governance structures to manipulate. The lack of administrative control ensures no central point of failure for economic parameters.
7.7 Upgrades are not supported, which provides immutability and security against proxy-based exploits. 7.8 Operations are straightforward, requiring no maintenance or state updates. The contract is permanently fixed in its current state.
The contract is secure for standard token operations. Users should be advised not to send native ETH directly to the contract address, as there is no mechanism to recover these funds.
No further code changes are strictly required for the token's core functionality. Future iterations could include a 'withdrawETH' function restricted to the owner if the contract is intended to handle native assets.
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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