Is Nietzschean Penguin (PENGUIN) Safe? Smart Contract Security Analysis

Nietzschean Penguin PENGUIN

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Solana Not verifiedLast checked 3d ago 1 audit on record

DexScreener ↗

63 / 100

High Risk

Executive SummaryAI Copilot

The Nietzschean Penguin token presents a medium risk primarily due to significant holder concentration, with the top 10 accounts controlling 58.58% of the supply. Positively, both mint and freeze authorities are revoked, and metadata is immutable, securing the token's supply and identity. Third-party registry data indicates "Single holder ownership" as a signal, and chain-native holder distribution data was unavailable.

1 Medium

Volume 24h

$145.7K

Liquidity

$270.3K

Price

$0.00147

Token Age

6mo

Top 10 Holders

55.6%

Security Findings

1 Med

Medium

Holder Concentration > 50%

M-01Top 10 token accounts hold 58.58% of supply. Coordinated sell-off would crash price; single-whale dumps are common in this range. (Fact: top10_holders_pct: 58.58)

IssueTop 10 token accounts hold 58.58% of supply. Coordinated sell-off would crash price; single-whale dumps are common in this range. (Fact: top10_holders_pct: 58.58)

FixBe aware of the potential for significant price volatility due to concentrated holdings. Monitor large holder movements.

StatusUnresolved

Category Ratings

TechnicalMedium6/10

The Nietzschean Penguin token is an SPL Token-2022 mint with both mint and freeze authorities revoked, indicating a fixed supply and unfreezable accounts. It does not utilize advanced Token-2022 extensions such as a transfer hook or default account state frozen. The token also lacks balance mutability, transferability restrictions, or upgradable transfer fees/hooks, contributing to a stable technical foundation.

GovernanceHigh1/10

The token exhibits a moderate level of holder concentration, with the top 10 accounts holding 58.58% of the total supply, which could lead to price volatility. DEX liquidity stands at $195,547, with a healthy 24-hour volume of $241,535, resulting in a normal volume/liquidity ratio of 1.24. The pair has been active for 209 days, providing a reasonable track record, though a third-party registry notes "Single holder ownership" as a signal.

UpgradesMedium5/10

The token's mint and freeze authorities are permanently revoked, ensuring no further tokens can be minted and no accounts can be frozen. The metadata is immutable, preventing changes to the token's name, symbol, or image post-launch. Furthermore, there are no upgradable features for transfer hooks or transfer fees, indicating a fixed and unalterable configuration for these parameters.

Security Checklist

1/4 checks passed

Contract VerifiedFail

No Mint Function?

Liquidity LockedFail

Not a ProxyPass

Liquidity Depth

$281.4K across 16 pairs

PumpswapSOLanalysed$270.3K Orca wpSOL$9.2K Meteora DLMMSOL$1.0K Meteora DLMMSOL$328 Meteora DYN2Circuit$289 Orca wpUSDC$131

Show 4 more pairsShow less

Meteora DYN2TrumpBucks$129 Meteora DYN2LOKI$30 Meteora DYN2CSR$14 Meteora DYN2USDC$4

The 6 remaining pairs hold $9 between them and are not listed.

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

6 factors

Ownership status UNKNOWN (owner could not be resolved)
Mint capability UNKNOWN (implementation ABI unreadable)
Contract source NOT verified
Top-10 concentration > 50% (55.6% total → 55.6% effective; 55.6% in EOAs, 0.0% in contracts — heavy)
Liquidity NOT locked (owner can withdraw — rug-pull risk)
1 Medium finding(s) from audit

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

Is Nietzschean Penguin Safe?