Is Pepe a Scam?

The Pepe token operates under the standard spl-token program (v3). Key authorities, including the Mint Authority and Freeze Authority, have been revoked, ensuring no new tokens can be minted and no holder accounts can be frozen (7.3 Access Control). No Token-2022 extensions such as Permanent Delegate, Transfer Hook, Default Account State Frozen, Balance Mutability, or Mutable Metadata are active, indicating a standard and predictable token behavior (7.1 Architecture).

The token exhibits low holder concentration, with the top 10 accounts holding 35.79% of the supply, reducing the risk of single-whale market manipulation (7.4 Economic). Total DEX liquidity stands at $351,488, which is sufficient for typical trading volumes. The 24-hour volume to liquidity ratio is 3.93, indicating normal trading activity without signs of wash trading, and the pair has been active for 845 days, providing a stable track record (7.4 Economic).

The Mint and Freeze authorities are permanently revoked, preventing any future changes to the token's supply or the ability to freeze holder accounts (7.7 Upgrades). The token's metadata is immutable (`metadata_mutable: False`), ensuring that its name, symbol, or image cannot be altered post-launch. No balance mutability authority is present, further securing user balances (7.7 Upgrades).