Is perpspad Safe? Smart Contract Security Analysis

perpspad PERPSPAD

PerPsC…6fHL

Solana Not verifiedLast checked 3d ago 1 audit on record

DexScreener ↗

62 / 100

High Risk

Executive SummaryAI Copilot

This audit of the perpspad SPL token mint found that the mint and freeze authorities have been revoked, indicating a fixed supply and unfreezable accounts. The primary risk identified is the mutability of token metadata, which allows for changes to the token's name, symbol, or image post-launch. Holder distribution data was unavailable from chain-native RPC, preventing a full assessment of concentration risk.

1 Low

Volume 24h

$30.4K

Liquidity

$39.5K

Price

$0.0002363

Token Age

1mo

Top 10 Holders

42.6%

Security Findings

1 Low

Low

Mutable Metadata

L-01The token's metadata is mutable, as indicated by 'metadata_mutable: True'. This means the token name, symbol, or image can be changed post-launch by an authorized party.

IssueThe token's metadata is mutable, as indicated by 'metadata_mutable: True'. This means the token name, symbol, or image can be changed post-launch by an authorized party.

FixVerify metadata against off-chain expectations before trusting branding. Be aware that the token's branding elements could be altered in the future.

StatusUnresolved

Category Ratings

TechnicalMedium6/10

The perpspad token is an SPL token operating on the Solana blockchain, utilizing the standard spl-token program. Both the mint authority and freeze authority have been revoked, meaning no new tokens can be minted and no existing token accounts can be frozen. The token has 6 decimals and an initialized supply of 822,911,406.106989. The token does not utilize Token-2022 extensions such as permanent delegate, transfer hook, or default account state frozen, indicating a standard SPL token implementation.

GovernanceHigh1/10

The token exhibits a holder concentration where the top 10 accounts hold approximately 40.09% of the total supply, which is below the threshold for high concentration risk. Total DEX liquidity stands at $34,098, which is sufficient to avoid very low liquidity warnings. The 24-hour volume to liquidity ratio is 4.16, indicating normal trading activity without signs of wash trading. The DEX pair has been active for 36 days, providing a reasonable track record.

UpgradesMedium5/10

The mint authority and freeze authority have both been revoked, preventing any further minting or freezing actions. The token is not a Token-2022 extension, so there are no upgradeable features like transfer fee or transfer hook. However, the token's metadata is mutable, meaning its name, symbol, or image can be changed post-launch. This presents a minor risk to branding consistency.

Security Checklist

1/4 checks passed

Contract VerifiedFail

No Mint Function?

Liquidity LockedFail

Not a ProxyPass

Liquidity Depth

$41.3K across 3 pairs

Meteora DYN2SOLanalysed$39.5K Meteora DLMMSOL$1.2K Meteora DLMMSOL$643

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 > 30% (42.6% total → 42.6% effective; 42.6% in EOAs, 0.0% in contracts — moderate)
Liquidity NOT locked (owner can withdraw — rug-pull risk)
Liquidity < $50k ($41,274 across 3 pairs — thin market)
1 Low 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 perpspad Safe?