This audit of the Pyth Network (PYTH) SPL token mint identifies a low-severity risk related to mutable metadata, which allows for changes to the token's branding. Critical authorities like mint and freeze are revoked, enhancing security. The token exhibits healthy liquidity and a mature market presence, with no signs of high holder concentration or wash trading. Third-party registry data was available and confirmed mutable metadata.

On-chain security analysis — is it a scam or legit?
Is Pyth Network 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 audit of the Pyth Network (PYTH) SPL token mint identifies a low-severity risk related to mutable metadata, which allows for changes to the token's branding.
Read the full analysis- Top-10 concentration > 30%
- LP lock status UNKNOWN — the pool's LP could not be read
- 1 Low finding(s) from audit
Exact factors
- Top-10 concentration > 30% (47.6% total → 47.6% effective; 47.6% in EOAs, 0.0% in contracts — moderate)
- LP lock status UNKNOWN — the pool's LP could not be read
- 1 Low 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 balances47.6%
- Everyone elsethe rest of the supply52.4%
Holder balances as recorded by the audit of Sep 22, 2026
Liquidity
as of audit · Sep 22- Raydium CLMMSOLAnalysed$377.1K53.7%
- Orca wpSOL$148.4K21.2%
- Raydium CLMMJUP$66.0K9.4%
- Meteora DYN2USDC$14.9K2.1%
- Meteora DYNbSOL$8.9K1.3%
- Orca wpHNT$7.7K1.1%
Show 4 more pairs
The 20 remaining pairs hold $53.1K between them and are not listed. The risk score reads depth across every pair.
Whether the LP tokens are locked could not be determined.
Security Findings
LowMutable Metadata
The token's metadata is mutable, as indicated by metadata_mutable: True. This means the token name, symbol, or image can be changed post-launch by the metadata authority.L-01
Issue
The token's metadata is mutable, as indicated by metadata_mutable: True. This means the token name, symbol, or image can be changed post-launch by the metadata authority.
Fix
Verify metadata against off-chain expectations before trusting branding. Monitor for any unexpected changes to the token's identity.
Status
Unresolved
Analysis
AI Copilotas of audit · Sep 22The token is implemented using the standard spl-token program. Both the Mint Authority and Freeze Authority have been revoked, preventing further token minting or freezing of holder accounts. The token does not utilize advanced Token-2022 extensions such as permanent delegates or transfer hooks. However, the token's metadata is mutable, allowing for potential changes to its name, symbol, or image.
The token exhibits a moderate holder concentration, with the top 10 accounts holding 46.68% of the total supply, which does not trigger a high concentration warning. Liquidity is robust at $386,753, and the pair has been active for 749 days, indicating a mature market presence. The 24-hour volume to liquidity ratio is 2.13, suggesting normal trading activity without signs of wash trading.
The token's core authorities, Mint Authority and Freeze Authority, are permanently revoked, ensuring no future changes to supply or account freeze status. This provides a high degree of immutability for critical token parameters. While the token is based on the standard spl-token program and does not feature Token-2022 upgradeable extensions, its metadata remains mutable, meaning the token's branding elements can be altered post-launch.
Holders should regularly verify the token's name, symbol, and image against official Pyth Network sources to ensure consistency and prevent potential misrepresentation due to mutable metadata.
While core token functions are immutable, ongoing monitoring of metadata is advised. No further on-chain verification steps are required for critical authorities, as they are already revoked.
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, 20267Low
- Sep 4, 202647Medium
- Sep 3, 202635Medium
Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
Frequently Asked Questions
What is the PYTH contract address?
The Pyth Network (PYTH) contract on Solana is HZ1JovNiVvGrGNiiYvEozEVgZ58xaU3RKwX8eACQBCt3. Compare it with the address the project itself publishes before trading: other contracts can carry the same name and ticker.
Is Pyth Network a scam?
Quantum Audit's risk score for Pyth Network is 7/100 (Low risk) as of Sep 22, 2026, computed by a deterministic function from on-chain facts — Contract verified: Verified; Mint: No mint; Upgradeability: Fixed code; Honeypot: None found; Buy / sell tax: 0% / 0%. A score is a dated snapshot of those facts, not a guarantee; each one is listed on this page.
Who holds PYTH?
As of Sep 22, 2026, the 10 largest holders own 47.6% of the supply. The Holders section on this page shows who they are by holder type.
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