Quantum Audit Logo

Is Raydium Safe?

On-chain security analysis — is it a scam or legit?

Is this your token? Publish your own audit on this page →

Raydium RAY
4k3Dyj…kX6R
Solana Not verifiedLast checked 3d ago 1 audit on record
DexScreener ↗
How is this score calculated? → Critical Risk
Executive SummaryAI Copilot

The Raydium (RAY) SPL token mint exhibits high holder concentration, with the top 10 accounts controlling 76.79% of the supply, which could lead to significant market volatility. While minting and freezing authorities are appropriately revoked, ensuring a fixed supply and unfreezable accounts, the token's metadata remains mutable. Third-party risk registry data and DEX market data were available, but specific holder distribution details from chain-native RPC were partially unavailable.

1 High1 Low
Volume 24h
$467.4K
Liquidity
$4.31M
Price
$0.8419
Token Age
3y
Top 10 Holders
76.8%

Security Findings

1 High1 Low
High

Holder Concentration > 70%

H-01Top 10 token accounts hold 76.79% of supply. Coordinated sell-off would crash price; single-whale dumps are common in this range.
IssueTop 10 token accounts hold 76.79% of supply. Coordinated sell-off would crash price; single-whale dumps are common in this range.
FixAccount for the risk of market manipulation and price volatility due to concentrated holdings. Monitor the distribution of tokens over time.
StatusUnresolved
Low

Mutable Metadata

L-01Token name, symbol, or image can be changed post-launch.
IssueToken name, symbol, or image can be changed post-launch.
FixVerify metadata against off-chain expectations before trusting branding.
StatusUnresolved

Category Ratings

TechnicalMedium5/10

The token operates on the standard `spl-token` program. Both the Mint Authority and Freeze Authority have been revoked, ensuring that no new tokens can be minted and no holder accounts can be frozen. The token does not utilize Token-2022 extensions such as permanent delegates or transfer hooks, simplifying its on-chain behavior.

GovernanceHigh1/10

The token demonstrates high holder concentration, with the top 10 accounts holding 76.79% of the total supply. This concentration poses a substantial risk of price manipulation or sudden sell-offs. The token has a healthy liquidity of $3,720,006 and a normal 24-hour volume of $100,460, resulting in a low Volume/Liquidity Ratio of 0.03. The DEX pair has been active for 1352 days, indicating a mature market presence.

UpgradesMedium5/10

The Mint Authority and Freeze Authority are both revoked, preventing any future changes to the token's supply or account freeze status. However, the token's metadata, including its name, symbol, or image, remains mutable. There are no indications of upgradable transfer fees or transfer hooks.

Security Checklist

1/4 checks passed
Contract VerifiedFail
No Mint Function?
Liquidity LockedFail
Not a ProxyPass

Liquidity Depth

$10.56M across 30 pairs
RaydiumUSDCanalysed$4.31M40.8%RaydiumSOL$3.30M31.2%Raydium CLMMSOL$1.29M12.2%RaydiumUSDT$1.09M10.3%Raydium CLMMSOL$294.1K2.8%Raydium CLMMUSDC$126.7K1.2%
Show 4 more pairsShow less
Raydium CLMMSOL$49.4K0.5%Orca wpSOL$29.4K0.3%Raydium CLMMUSDT$29.0K0.3%Orca wpUSDC$11.8K0.1%

The 20 remaining pairs hold $37.2K 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 Burned4.5%
Top-1 Unlocked Holder100.0%
Top-3 Unlocked100.0%

What Raised This Score

9 factors
  • Ownership status UNKNOWN (owner could not be resolved)
  • Mint capability UNKNOWN (implementation ABI unreadable)
  • Contract source NOT verified
  • Top-10 concentration > 70% (76.8% total → 76.8% effective; 76.8% in EOAs, 0.0% in contracts — extreme)
  • Liquidity NOT locked (owner can withdraw — rug-pull risk)
  • LP top1 unlocked holder = 100.0% (exit-liquidity risk, pool = 41% of DEX liquidity)
  • LP top3 unlocked holders = 100.0% (exit-liquidity risk, pool = 41% of DEX liquidity)
  • 1 High finding(s) from audit
  • 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

Related Audits

6 more on the record
spucex (SPCX)Critical RiskFarmTown (FARM)Critical RiskArcium (ARX)Critical RiskCUBEMANCritical RiskWildlife Wonderland (WW)Critical RiskFARTCOIN (FART)Critical Risk

Would You Like a More Detailed Audit of Raydium?

Our AI-powered scanner gives you a deeper, real-time smart contract analysis — free, with every scoring factor shown.

Get Detailed Audit