Is Mad Coin ($MAD) Safe? Smart Contract Security Analysis

Security Findings

1 Info

Info

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

I-01This 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 holder concentration, which are read directly from chain state and from third-party risk registries.

IssueThis 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 holder concentration, which are read directly from chain state and from third-party risk registries.

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

StatusAcknowledged

Category Ratings

TechnicalMedium6/10

The Mad Coin ($MAD) token is implemented using the spl-token-2022 program. Both the mint authority and freeze authority have been revoked, ensuring no new tokens can be minted and no existing accounts can be frozen post-launch. No Token-2022 transfer hook or permanent delegate is configured, and default account state is not frozen, indicating standard transfer behavior. The token's balance mutability is disabled.

GovernanceHigh1/10

The token exhibits healthy liquidity at $184,980 USD, with a normal 24-hour volume to liquidity ratio of 0.12, suggesting organic trading activity. The DEX pair has been active for 153 days, providing a reasonable track record. Holder concentration data was unavailable, preventing an assessment of potential whale influence on price stability.

UpgradesMedium5/10

The mint authority and freeze authority are both revoked, meaning the token's supply and account freeze status are immutable. No Token-2022 extensions like transfer hooks or permanent delegates are active that could introduce upgradeability or mutable behavior. Metadata mutability is also disabled, ensuring the token's name, symbol, and image cannot be changed post-launch.

Security Checklist

1/4 checks passed

Contract VerifiedFail

No Mint Function?

Liquidity LockedFail

Not a ProxyPass

Liquidity Depth

$57.0K across 2 pairs

PumpswapSOLanalysed$57.0K Meteora DYN2IME$43

The risk score reads depth across every pair. The volume figure and the volume-to-liquidity ratio elsewhere on this page describe only the pair this audit analysed, so the two are not directly comparable.

What Raised This Score

5 factors

Ownership status UNKNOWN (owner could not be resolved)
Mint capability UNKNOWN (implementation ABI unreadable)
Contract source NOT verified
Top-10 concentration > 50% (65.3% total → 65.3% effective; 65.3% in EOAs, 0.0% in contracts — heavy)
Liquidity NOT locked (owner can withdraw — rug-pull risk)

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

Frequently Asked Questions

Is Mad Coin a scam?

Based solely on the provided data, we cannot definitively label Mad Coin ($MAD) as an outright scam, but several high-risk indicators are present. Ownership is renounced and no mint function exists, which are positive signs against certain manipulations. However, the contract is unverified, liquidity is unlocked, and there's significant token concentration, pointing to substantial inherent risks that investors should be aware of.

Is Mad Coin safe to buy?

Mad Coin ($MAD) carries a high-risk score of 54/100, indicating it is not considered safe for investment without extreme caution. Key risk factors include the unverified contract, making its code inscrutable, and unlocked liquidity, which presents a rug pull vulnerability. Additionally, the highly concentrated token distribution among the top 10 holders allows for potential market manipulation. These factors suggest a high level of speculative risk.

Has Mad Coin been audited?

There is no information provided to suggest Mad Coin ($MAD) has undergone a formal security audit. More importantly, its contract is *not* verified on the blockchain. This means the smart contract's source code is not publicly available for review, making independent security audits or even basic investor scrutiny impossible. An unverified contract significantly increases risk and prevents auditing.

Is Mad Coin Safe?