This audit of the Ping Ping and Fu Shuang (熊猫) SPL Token Mint found no critical or high-severity issues based on the provided on-chain facts and third-party risk registry data. Both mint and freeze authorities are revoked, indicating a fixed supply and unfreezable accounts. The token exhibits moderate holder concentration and sufficient liquidity for its current trading volume.

On-chain security analysis — is it a scam or legit?
Is Ping Ping and Fu Shuang 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 Ping Ping and Fu Shuang (熊猫) SPL Token Mint found no critical or high-severity issues based on the provided on-chain facts and third-party risk registry data.
Read the full analysis- Top-10 concentration > 30%
Exact factors
- Top-10 concentration > 30% (30.7% total → 30.7% effective; 30.7% in EOAs, 0.0% in contracts — moderate)
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 balances30.7%
- Everyone elsethe rest of the supply69.3%
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 Ping Ping and Fu Shuang (熊猫) token is an SPL Token-2022 mint. Its core security posture is strong, with both the mint authority and freeze authority permanently revoked, ensuring no new tokens can be minted and no existing accounts can be frozen. The token does not utilize a transfer hook, nor is the default account state frozen, simplifying transfer mechanics. Furthermore, balance mutability and non-transferable features are not enabled, confirming standard token behavior.
The token's economic profile shows a healthy liquidity of $118,683, supporting a 24-hour trading volume of $252,113. The Volume/Liquidity Ratio of 2.12 is normal, not indicating wash trading. The top 10 token accounts hold 27.4% of the supply, which is a moderate concentration, not triggering high-risk thresholds. The DEX pair has been active for 88 days, providing a reasonable track record.
The token's upgradeability and mutability aspects are well-controlled. The mint and freeze authorities are permanently revoked, preventing any future changes to supply or account freeze status. Importantly, the metadata is immutable, meaning the token's name, symbol, or image cannot be altered post-launch. Additionally, transfer fee and transfer hook functionalities are not present and cannot be upgraded into existence, ensuring stable token behavior.
Holders should verify on-chain that the mint and freeze authorities remain revoked to confirm the fixed supply and unfreezable nature of the token.
Monitor DEX liquidity and trading volume for any significant changes that could impact price stability or exit opportunities. While no high-risk flags were identified, ongoing due diligence is always recommended for any digital asset.
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, 20261Low
- Sep 4, 202652Medium
- Aug 2, 202646Medium
Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
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