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On-chain security analysis — is it a scam or legit?

Is Loom Safe?

LOOMSolana
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 Sep 22, 2026 · 2 audits on record
SummaryAI Copilot

The Loom SPL Token Mint audit reveals a well-configured token with no critical or high-severity risks identified based on the provided on-chain data.

Read the full analysis
What raised the score
  • Top-10 concentration > 50%
  • Liquidity < $50k
Exact factors
  • Top-10 concentration > 50% (64.2% total → 64.2% effective; 64.2% in EOAs, 0.0% in contracts — heavy)
  • Liquidity < $50k ($32,172 across 2 pairs — thin market)

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

Security Checklist

as of audit · Sep 224 of 4 checks passed
Contract verifiedVerified
MintNo mint
Liquidity lockLocked
UpgradeabilityFixed code

Holders

as of audit · Sep 22, 2026
64.2%Top 10 holders35.8%Everyone else
64.2%Top 10 holders35.8%Everyone else
Top 10 holdersEveryone elseBubble area = share of supply
64.2%of supply sits with the top 10 holders
  • Top 10 holdersthe ten largest balances64.2%
  • Everyone elsethe rest of the supply35.8%

Holder balances as recorded by the audit of Sep 22, 2026

Liquidity

as of audit · Sep 22$32.2K across 2 pairs

The risk score reads depth across every pair.

LP tokensLocked

The LP tokens of the analysed pool are locked or burned.

Analysed pool$32.2KShare of depth100.0%

Security Findings

1 Info
Info

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

This 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 mint/owner authority, mint capability, LP lock/burn state, holder concentration, which are read directly from chain state and from third-party risk registries.I-01

Issue

This 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 mint/owner authority, mint capability, LP lock/burn state, holder concentration, which are read directly from chain state and from third-party risk registries.

Fix

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

Status

Acknowledged

Analysis

AI Copilotas of audit · Sep 22
Executive SummaryWhat the contract is and what the review found

The Loom SPL Token Mint audit reveals a well-configured token with no critical or high-severity risks identified based on the provided on-chain data. Both mint and freeze authorities are revoked, and no problematic Token-2022 extensions like permanent delegate or transfer hooks are active. Holder distribution shows no extreme concentration, and liquidity is moderate. Third-party risk registry data reported no adverse flags.

Technical10/10Low risk

The Loom token is an SPL Token-2022 mint with a total supply of 999,634,079.085182 tokens (6 decimals). Crucially, both the mint authority and freeze authority have been revoked, preventing further token issuance or freezing of holder accounts. No Transfer Hook or Default Account State Frozen extensions are active, indicating standard token transfer behavior. The balance_mutable and metadata_mutable flags are also false, ensuring immutability of balances and token metadata.

Governance7/10Low risk

Holder concentration is moderate, with the top 10 accounts holding 33.68% of the supply, which does not trigger high concentration warnings. The token has a liquidity of $50,321 USD and a 24-hour volume of $123,580 USD. The Volume/Liquidity Ratio is 2.46, which is considered normal and does not suggest wash trading. The DEX pair has been active for 35 days, providing a reasonable track record.

Upgrades10/10Low risk

The Loom token mint exhibits strong immutability post-launch. Both the mint authority and freeze authority are permanently revoked, meaning no further changes can be made to the token's supply or account freeze status. Key Token-2022 extensions such as transfer hook and transfer fee are not active, and their upgradability flags are false. Furthermore, the metadata_mutable flag is false, ensuring that the token's name, symbol, and image cannot be altered.

Final RecommendationWhat to do about this score

Holders should verify on-chain that the mint and freeze authorities remain revoked.

Monitor the token's liquidity and trading volume for any significant changes that could impact market depth or price stability. While no adverse flags were reported by third-party registries, continuous monitoring of such registries is advisable for any future changes in risk assessment.

Contract & Record

2 audits on record
TypeSPL Token-2022
NetworkSolana
Token age1mo
ContractCgnQ8a…pump
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Audit History
  1. Sep 22, 202614Low
  2. Aug 12, 202650Medium

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

Frequently Asked Questions

What is the LOOM contract address?

The Loom contract on Solana is CgnQ8a1u99Gk7qoySMd2wrGPMPm9bdcSJNhqMEkYpump. Compare it with the address the project itself publishes before trading: other contracts can carry the same name and ticker.

Is Loom a scam?

Quantum Audit's risk score for Loom is 14/100 (Low risk) as of Sep 22, 2026, computed by a deterministic function from on-chain facts — Contract verified: Verified; Mint: No mint; Liquidity lock: Locked; Upgradeability: Fixed code. A score is a dated snapshot of those facts, not a guarantee; each one is listed on this page.

Is LOOM liquidity locked?

Liquidity lock: Locked (as of Sep 22, 2026). Total DEX liquidity: $32.2K.

Who holds LOOM?

As of Sep 22, 2026, the 10 largest holders own 64.2% of the supply. The Holders section on this page shows who they are by holder type.

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