Is Ping Ping and Fu Shuang (熊猫) Safe? Smart Contract Security Analysis

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 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.

GovernanceHigh2/10

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.

UpgradesMedium5/10

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.

Security Checklist

1/4 checks passed

Contract VerifiedFail

No Mint Function?

Liquidity LockedFail

Not a ProxyPass

Liquidity Depth

$86.8K

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

5 factors

Ownership status UNKNOWN (owner could not be resolved)
Mint capability UNKNOWN (implementation ABI unreadable)
Contract source NOT verified
Top-10 concentration > 30% (30.6% total → 30.6% effective; 30.6% in EOAs, 0.0% in contracts — moderate)
Liquidity NOT locked (owner can withdraw — rug-pull risk)

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 Ping Ping and Fu Shuang Safe?