Is Purple Bitcoin (PBTC) 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 LP lock/burn state, 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 LP lock/burn state, 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 token is implemented using the standard spl-token program. Both the mint authority and freeze authority have been revoked, indicating a fixed supply and immutability of account freezing. No balance-mutating, closable, freezable, non-transferable, or default frozen account state extensions are active, as confirmed by `balance_mutable: False` and `default_account_state_frozen: False` among others.

GovernanceHigh3/10

DEX market data indicates a healthy liquidity of $235,645 USD and a 24-hour volume of $242,805 USD. The Volume/Liquidity Ratio is 1.03, which is normal and does not suggest wash trading. The DEX pair has been active for 583 days, indicating an established market presence. Holder concentration data was unavailable from chain-native RPC.

UpgradesMedium5/10

The mint authority and freeze authority are both revoked, preventing any future changes to the token's supply or the ability to freeze holder accounts. Metadata is immutable (`metadata_mutable: False`), ensuring that the token's name, symbol, or image cannot be altered post-launch. No upgradable transfer fee or transfer hook extensions are active.

Security Checklist

1/4 checks passed

Contract VerifiedFail

No Mint Function?

Liquidity LockedFail

Not a ProxyPass

Liquidity Depth

$285.3K across 18 pairs

RaydiumSOLanalysed$265.1K Meteora DLMMSOL$11.0K Meteora DLMMSOL$5.9K Raydium CLMMSOL$1.9K Meteora DYNSOL$664 Meteora DLMMSOL$426

Show 4 more pairsShow less

Meteora DYN2USDT$109 Meteora DYN2IME$61 Meteora DYN2CSR$29 Meteora DYNSOL$29

The 8 remaining pairs hold $56 between them and are not listed.

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

LP Burned100.0% · ≈ permanent lock

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 > 20% (21.9% total → 21.9% effective; 21.9% in EOAs, 0.0% in contracts — mild)
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 Purple Bitcoin Safe?