Is Nonchalant Horse (HORSE) Safe? Smart Contract Security Analysis

Nonchalant Horse HORSE

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Solana Not verifiedLast checked 3d ago 1 audit on record

DexScreener ↗

66 / 100

High Risk

Executive SummaryAI Copilot

This audit of the Nonchalant Horse (HORSE) SPL Token Mint identified no critical or high-severity risks based on the provided on-chain facts and external security signals. The mint and freeze authorities are revoked, and no Token-2022 extensions that introduce significant risks are active. Holder distribution data from chain-native RPC was unavailable, but a third-party registry provided top 10 holder concentration data, which did not indicate high centralization.

1 Informational

Volume 24h

$4.0K

Liquidity

$26.0K

Price

$0.00004065

Token Age

28d

Top 10 Holders

55.3%

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 token is implemented using the modern spl-token-2022 program, which offers enhanced features. Importantly, no Transfer Hook is active, meaning no custom program logic executes on transfers. The Default Account State is not frozen, ensuring new accounts are immediately usable. Furthermore, the token's balance mutability, closability, and freezability are all set to False, indicating a fixed and secure state for token accounts.

GovernanceHigh1/10

The token exhibits a healthy distribution, with the top 10 token accounts holding 35.95% of the supply, which does not indicate excessive concentration. DEX liquidity stands at $40,730, providing a reasonable base for trading. The 24-hour volume of $74,917 results in a normal Volume/Liquidity Ratio of 1.84, suggesting organic trading activity. The pair has been active for 28 days, providing a sufficient track record.

UpgradesMedium5/10

Both the Mint Authority and Freeze Authority have been revoked, ensuring that no new tokens can be minted and no existing accounts can be frozen. The token's metadata is immutable, preventing changes to its name, symbol, or image post-launch. Additionally, there are no upgradable transfer fees or transfer hooks, providing stability and predictability for token holders.

Security Checklist

1/4 checks passed

Contract VerifiedFail

No Mint Function?

Liquidity LockedFail

Not a ProxyPass

Liquidity Depth

$26.0K

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

7 factors

Ownership status UNKNOWN (owner could not be resolved)
Mint capability UNKNOWN (implementation ABI unreadable)
Contract source NOT verified
Top-10 concentration > 50% (55.3% total → 55.3% effective; 55.3% in EOAs, 0.0% in contracts — heavy)
Liquidity NOT locked (owner can withdraw — rug-pull risk)
Liquidity < $50k ($26,029 across 1 pairs — thin market)
Token age < 30 days (still settling)

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 Nonchalant Horse Safe?