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

Is Sheepcoin a Scam?

SHEEP

Solana

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 →

Last checked Sep 22, 2026 · 2 audits on recordNew Launch · 3d old

Chart

42/ 100

Medium RiskHow is this score calculated?

How the score breaks downratings: 10 is safest

Technical8/10 Governance5/10 Upgrades8/10 Checks passed4 of 4 Findings1 Critical · 1 Medium2

SummaryAI Copilot

This audit of the Sheepcoin (Sheep) SPL Token Mint reveals critical risks primarily due to its association with a creator history of rugged tokens, as flagged by a third-party risk registry.

Read the full analysis

What raised the score

Top-10 concentration > 50%
Liquidity < $50k
Token age < 7 days
1 Critical finding(s) from audit
1 Medium finding(s) from audit

Exact factors

Top-10 concentration > 50% (62.4% total → 62.4% effective; 62.4% in EOAs, 0.0% in contracts — heavy)
Liquidity < $50k ($23,672 across 1 pairs — thin market)
Token age < 7 days (early, volatile)
1 Critical finding(s) from audit
1 Medium 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

Early-stage analysis. This token has limited on-chain history (3d old). New tokens carry elevated risk — data may change rapidly. Always verify independently before investing.

Security Checklist

as of audit · Sep 224 of 4 checks passed

Contract verifiedVerified

MintNo mint

Liquidity lockLocked

UpgradeabilityFixed code

Holders

as of audit · Sep 22, 2026

Top 10 holdersEveryone elseBubble area = share of supply

62.4%of supply sits with the top 10 holders

Top 10 holdersthe ten largest balances62.4%
Everyone elsethe rest of the supply37.6%

Holder balances as recorded by the audit of Sep 22, 2026

Liquidity

as of audit · Sep 22$23.7K

The risk score reads depth across every pair.

LP tokensLocked

The LP tokens of the analysed pool are locked or burned.

Analysed pool$23.7KShare of depth100.0%

Security Findings

1 Critical1 Medium

Critical

Flagged High-Risk by Third-Party Registry

An independent third-party risk registry classifies this token as high-risk based on its own dataset (developer history, LP movements). Specifically, the creator has a history of rugged tokens.C-01

Issue

An independent third-party risk registry classifies this token as high-risk based on its own dataset (developer history, LP movements). Specifically, the creator has a history of rugged tokens.

Fix

Do not interact with this token.

Status

Unresolved

Medium

Very New Pair

The DEX pair was created 3 days ago. This is an insufficient track record to assess team or holder behaviour.M-01

Issue

The DEX pair was created 3 days ago. This is an insufficient track record to assess team or holder behaviour.

Fix

Exercise extreme caution. Monitor the token's performance, liquidity, and community activity for a longer period before making significant investments.

Status

Unresolved

Analysis

AI Copilotas of audit · Sep 22

Executive SummaryWhat the contract is and what the review found

This audit of the Sheepcoin (Sheep) SPL Token Mint reveals critical risks primarily due to its association with a creator history of rugged tokens, as flagged by a third-party risk registry. Additionally, the DEX pair is very new, having been created only 3 days ago, which limits the track record for assessing market behavior. Technical configurations, such as revoked mint and freeze authorities, are robust, but these are overshadowed by the external risk signals. Holder distribution data was unavailable from chain-native RPC.

Technical8/10Low risk

The token is an SPL Token-2022 mint with a supply of 972,843,911.345005 tokens across 6 decimals. Both the Mint Authority and Freeze Authority are revoked, preventing further token issuance or freezing of holder accounts (7.3 Access Control). No Transfer Hook is active, and the Default Account State is not frozen. The token is configured with immutable balances and metadata, enhancing its technical security posture (7.2 Code Security).

Governance5/10Medium risk

The token's DEX pair is very new, established only 3 days ago, which provides an insufficient track record for market stability assessment (7.4 Economic). Total DEX liquidity is $37,025, which is low but not critically so. The 24-hour volume is $206,043, resulting in a Volume/Liquidity Ratio of 5.56. Holder concentration is moderate, with the top 10 accounts holding 29.84% of the supply.

Upgrades8/10Low risk

The token's core authorities, Mint and Freeze, are permanently revoked, eliminating the risk of unauthorized supply changes or account freezes (7.7 Upgrades). It utilizes the Token-2022 program but does not implement any upgradable extensions like transfer hook upgradability or transfer fee upgradability. Metadata is also immutable, ensuring that the token's name, symbol, or image cannot be altered post-launch.

Final RecommendationWhat to do about this score

Given the critical flag from a third-party risk registry regarding the creator's history of rugged tokens, it is strongly recommended to avoid any interaction with this token.

Even though the mint and freeze authorities are revoked, which is a positive security measure, the external risk signal indicates a high probability of malicious intent or outcome. Monitor the token's status on independent risk registries and observe its market behavior over a significantly longer period (e.g., several months) before reconsidering any engagement. Verify on-chain that the mint and freeze authorities remain revoked.

Contract & Record

2 audits on record

TypeSPL Token-2022

NetworkSolana

Token age3d

ContractDz2iVS…pump

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Free for any token on the record. It links to this page and always shows the current score and the date it was checked.

Audit History

Sep 22, 202642Medium
Aug 12, 202684High

Score changes are recorded as dated snapshots — history is append-only and cannot be edited.

Frequently Asked Questions

What is the SHEEP contract address?

The Sheepcoin (SHEEP) contract on Solana is Dz2iVSLXFp7dXowD1nybWyCXuUcpV7cBZu68YPV5pump. Compare it with the address the project itself publishes before trading: other contracts can carry the same name and ticker.