Is Poet Toads (TOADS) 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 Poet Toads (TOADS) token is implemented using the spl-token-2022 program. Both the mint authority and freeze authority have been revoked, preventing further token issuance or freezing of holder accounts. No transfer hook is active, ensuring direct token transfers without custom program intervention. The default account state is not frozen, allowing new accounts to receive tokens without requiring unfreezing.

GovernanceHigh3/10

The token exhibits low holder concentration, with the top 10 accounts holding 25.96% of the supply, reducing the risk of large-scale sell-offs. Total DEX liquidity stands at $76,740, which is sufficient to avoid very high slippage for moderate trades. The 24-hour volume to liquidity ratio is 1.41, indicating normal trading activity without signs of wash trading. The pair has been active for 11 days, providing a short but stable track record.

UpgradesMedium5/10

The token's mint and freeze authorities are revoked, meaning no further supply changes or account freezing can occur. It utilizes the spl-token-2022 program but does not have a transfer hook or default frozen account state. Metadata is immutable, preventing changes to the token's name, symbol, or image post-launch. There are no upgradable features like transfer fees or transfer hooks.

Security Checklist

1/4 checks passed

Contract VerifiedFail

No Mint Function?

Liquidity LockedFail

Not a ProxyPass

HoneypotNoneBuy Tax0.0%Sell Tax0.0%

Liquidity Depth

$53.1K across 5 pairs

PumpswapSOLanalysed$50.4K Meteora DLMMSOL$1.7K Orca wpOPOS$787 Meteora DLMMSOL$126 Meteora DYN2SOL$10

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

6 factors

Ownership status UNKNOWN (owner could not be resolved)
Mint capability UNKNOWN (implementation ABI unreadable)
Contract source NOT verified
Top-10 concentration > 20% (29.8% total → 29.8% effective; 29.8% in EOAs, 0.0% in contracts — mild)
Liquidity NOT locked (owner can withdraw — rug-pull risk)
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

Is Poet Toads Safe?