This SPL Token Mint audit identifies a critical risk: a third-party risk registry flags the token's creator with a history of rugged tokens. While the token's on-chain configuration is robust with revoked mint and freeze authorities, this external signal indicates a significant trust concern. Holder distribution data from chain-native RPC was unavailable, but a third-party source indicated moderate concentration.

On-chain security analysis — is it a scam or legit?
Is Proof Of Bagwork 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 SPL Token Mint audit identifies a critical risk: a third-party risk registry flags the token's creator with a history of rugged tokens.
Read the full analysis- Top-10 concentration > 70%
- Liquidity < $50k
- Token age < 30 days
- 1 Critical finding(s) from audit
Exact factors
- Top-10 concentration > 70% (75.6% total → 75.6% effective; 75.6% in EOAs, 0.0% in contracts — extreme)
- Liquidity < $50k ($13,957 across 1 pairs — thin market)
- Token age < 30 days (still settling)
- 1 Critical 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
Security Checklist
as of audit · Sep 22Holders
as of audit · Sep 22, 2026- Top 10 holdersthe ten largest balances75.6%
- Everyone elsethe rest of the supply24.4%
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
CriticalFlagged High-Risk by Third-Party Registry
An independent third-party risk registry classifies this token as high-risk based on its own dataset, specifically citing a creator history of rugged tokens. This external signal indicates a significant trust and security concern (7.6 External).C-01
Issue
An independent third-party risk registry classifies this token as high-risk based on its own dataset, specifically citing a creator history of rugged tokens. This external signal indicates a significant trust and security concern (7.6 External).
Fix
Do not interact with this token.
Status
Unresolved
Analysis
AI Copilotas of audit · Sep 22The 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 (7.3 Access Control). No transfer hook is active, and new accounts are not created in a frozen state. The token's metadata is immutable, and balance mutability is not enabled, indicating a secure technical configuration (7.2 Code Security).
The top 10 token accounts hold 35.31% of the total supply, indicating a moderate level of holder concentration (7.4 Economic). The token has a liquidity of $39,273, with a 24-hour volume of $112,800, resulting in a normal Volume/Liquidity ratio of 2.87. The DEX pair has been active for 15 days, providing some track record (7.4 Economic).
The mint and freeze authorities for this SPL Token-2022 mint are both revoked, ensuring that the token supply cannot be increased and accounts cannot be frozen (7.7 Upgrades). Key extensions like transfer hook and transfer fee are not present, and their upgradability is not enabled. The token's metadata is immutable, preventing changes to its name, symbol, or image post-launch (7.7 Upgrades).
Given the critical flag from a third-party risk registry regarding the creator's history, it is strongly recommended to avoid interaction with this token.
If interaction is deemed necessary, conduct thorough independent due diligence on the token's creator and their historical projects beyond the provided data. Continuously monitor the token's liquidity and holder distribution for any significant changes that could indicate further risk.
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, 202644Medium
- Sep 4, 202694Critical
- Aug 3, 202679High
Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
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