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Is Project meridian a Scam?

Early-stage security check — honeypot & rug-pull analysis

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Project meridian MERIDIAN
0xac30…9fb1
Ethereum
Not verifiedThis 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 →
Last checked today 1 audit on record New Launch · 1d old
Executive SummaryAI Copilot

The LaunchToken contract is a standard ERC-20 implementation. Static analysis revealed no privileged functions or custom logic that could impact token transfers or introduce vulnerabilities. No critical or high-severity issues were identified, indicating a robust and predictable token design.

1 Medium6 Informational
! Early-stage analysis. This token has limited on-chain history (1d old). New tokens carry elevated risk — data may change rapidly. Always verify independently before investing.
Volume 24h
$164.6K
Liquidity
$26.4K
Price
$0.00005712
Token Age
1d
Top 10 Holders
51.1%

Security Findings

Medium

Liquidity not locked

QA-LIQUIDITY0.0% of the pool's LP is burned or time-locked. 100.0% is held, unlocked, by 1 address(es) other than the owner/deployer. One of them — a wallet, 0x87f5…3021 — holds 100.0% and can remove that share at once; who controls it is not visible on-chain, so it is not treated as an independent provider. Some pools are concentrated-liquidity (V3/V4) positions; shares above are by position as GoPlus reports them.
Issue0.0% of the pool's LP is burned or time-locked. 100.0% is held, unlocked, by 1 address(es) other than the owner/deployer. One of them — a wallet, 0x87f5…3021 — holds 100.0% and can remove that share at once; who controls it is not visible on-chain, so it is not treated as an independent provider. Some pools are concentrated-liquidity (V3/V4) positions; shares above are by position as GoPlus reports them.
FixCheck the lock's end date and beneficiary on the locker's own page before relying on it.
StatusAcknowledged
Info

No issues identified in the reviewed source

I-01The verified source code was reviewed and no issue rising to Informational severity or above was identified. This is a statement about the code that was read, not a guarantee: the review covers the published source only. Fact-layer checks (mint capability, holder concentration) were applied separately and feed the risk score.
IssueThe verified source code was reviewed and no issue rising to Informational severity or above was identified. This is a statement about the code that was read, not a guarantee: the review covers the published source only. Fact-layer checks (mint capability, holder concentration) were applied separately and feed the risk score.
FixRe-check after any contract upgrade or ownership change, both of which can alter behaviour without changing this page.
StatusAcknowledged
Info

Who holds the supply

QA-HOLDERSThe ten largest holders own 51.1% of supply. What remains: 13.3% in wallets, 37.9% in other contracts. The deployer/owner wallet itself holds 1.9%. 203 holders in total.
IssueThe ten largest holders own 51.1% of supply. What remains: 13.3% in wallets, 37.9% in other contracts. The deployer/owner wallet itself holds 1.9%. 203 holders in total.
FixWatch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
StatusAcknowledged
Info

Not listed by any independent source

QA-IDENTITY203 holders. Not listed by CoinGecko or any exchange GoPlus tracks. Nothing independent confirms who is behind this token, so every power its contract grants is scored at face value.
Issue203 holders. Not listed by CoinGecko or any exchange GoPlus tracks. Nothing independent confirms who is behind this token, so every power its contract grants is scored at face value.
FixMatch the contract address against the project's official channels before trading.
StatusAcknowledged
Info

The market for this token

QA-MARKETLiquidity $26K (DexScreener, all pools). 24h trading volume $165K (DexScreener, all pools).
IssueLiquidity $26K (DexScreener, all pools). 24h trading volume $165K (DexScreener, all pools).
FixSize any position to the liquidity and daily volume shown — they set how much you can sell and at what price.
StatusAcknowledged
Info

Asset class: Project token

QA-PROFILEA token issued by a project for use, governance or fundraising. Scored on its contract and market facts. The class itself adds no points; the contract and market facts decide the score. Basis: no class-specific evidence. Tokenomics — Supply: fixed — the contract has no mint function. Control: an owner that could not be resolved. Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $26K of DEX liquidity across 3 pools. Launch: 1 days of market history.
IssueA token issued by a project for use, governance or fundraising. Scored on its contract and market facts. The class itself adds no points; the contract and market facts decide the score. Basis: no class-specific evidence. Tokenomics — Supply: fixed — the contract has no mint function. Control: an owner that could not be resolved. Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $26K of DEX liquidity across 3 pools. Launch: 1 days of market history.
FixCheck the project's own documentation for what the token is used for; this report covers what the contract allows.
StatusAcknowledged
Info

Recently launched — 1 day of market history

QA-RECENTThe token's oldest DEX pool is 1 day old. Age is not part of the risk score — a new token is not a risky one by default — but a short history means fewer trades and holder changes behind the facts in this report.
IssueThe token's oldest DEX pool is 1 day old. Age is not part of the risk score — a new token is not a risky one by default — but a short history means fewer trades and holder changes behind the facts in this report.
FixRe-check ownership, liquidity and holder distribution as the token matures; those are the facts that move early.
StatusAcknowledged

Category Ratings

TechnicalLow10/10

The contract implements the ERC-20 standard without additional custom logic or privileged functions, ensuring predictable and secure token operations (7.1 Architecture, 7.2 Code Security). All standard ERC-20 functions are present and behave as expected. There are no identified technical vulnerabilities such as reentrancy or integer overflows (7.2 Code Security). Access control (7.3 Access Control) is limited to standard ERC-20 allowances and transfers, with no central authority capable of pausing transfers or blacklisting addresses.

GovernanceMedium6/10

The contract does not include any governance mechanisms or complex economic models beyond the basic ERC-20 token functionality (7.5 Governance, 7.4 Economic). There are no privileged roles that can manipulate token supply, freeze funds, or alter transfer conditions, which minimizes economic risk from centralized control. The token's behavior is entirely determined by the standard ERC-20 specification, providing transparency and predictability.

UpgradesLow9/10

The contract is not deployed as a proxy and therefore is not upgradeable (7.7 Upgrades). This eliminates upgrade-related risks such as proxy misconfigurations or logic errors introduced during upgrades. The immutability of the contract ensures its behavior will not change post-deployment, providing a fixed and reliable operational state.

Security Checklist

Contract VerifiedPass
Ownership Renounced?
No Mint FunctionPass
Liquidity LockedFail
Not a ProxyPass
HoneypotNoneBuy Tax0.0%Sell Tax0.0%

Holder Composition

13.3% in wallets37.9% in contracts
Effective Concentration28.4%

Share held by contracts — treasury, vesting, bridge or staking — is discounted against share held by wallets when the score is computed: a contract cannot decide to sell the way an anonymous holder can, though it can still be drained or voted to sell. Effective concentration is the figure the risk score is actually calculated from.

Liquidity Depth

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.

LP Distribution

Top-1 Unlocked Holder100.0%
Top-3 Unlocked100.0%

Key Addresses

Deployer
0x4db3…876a
Unlocked LP Held By
0x87f5…3021

No privileged address appears among these holders: the unlocked liquidity sits with independent providers, not with the deployer.

What Raised This Score

  • Liquidity NOT locked (100% of the pool; this pool is 100% of DEX liquidity) — held by independent providers — market-depth risk
  • Liquidity < $50k ($26,433 across 3 pairs — thin market)
  • Top-10 concentration > 20% (51.1% total → 28.4% effective; 13.3% in EOAs, 37.9% in contracts)

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

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