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.

On-chain security analysis — is it a scam or legit?
Is Nonchalant Horse Safe?
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 →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.
Read the full analysis- Top-10 concentration > 70%
- Liquidity < $50k
- Token age < 30 days
Exact factors
- Top-10 concentration > 70% (74.8% total → 74.8% effective; 74.8% in EOAs, 0.0% in contracts — extreme)
- Liquidity < $50k ($17,124 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
Security Checklist
as of audit · Sep 22Holders
as of audit · Sep 22, 2026- Top 10 holdersthe ten largest balances74.8%
- Everyone elsethe rest of the supply25.2%
Holder balances as recorded by the audit of Sep 22, 2026
Liquidity
as of audit · Sep 22The risk score reads depth across every pair.
The LP tokens of the analysed pool are locked or burned.
Security Findings
InfoNo 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 22The 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.
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.
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.
Holders should verify on-chain that the mint and freeze authorities remain revoked to ensure the token's supply and transferability are fixed.
Monitor the token's liquidity and trading volume for any significant changes that could impact market stability. Regularly check the token's status with independent third-party risk registries for any emerging flags not captured in this report.
Contract & Record
Free for any token on the record. It links to this page and always shows the current score and the date it was checked.
- Sep 22, 202623Low
- Sep 4, 202666High
- Aug 17, 202658Medium
Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
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