Quantum Audit Logo
Launch App

Is SHIBA INU a Scam?

Honeypot, rug-pull and ownership checks

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

SHIBA INU SHIB
0x2859…dd4d
BNB Chain
Not verifiedThis 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 today 1 audit on record
DexScreener ↗
How is this score calculated? → Medium Risk
Executive SummaryAI Copilot

This audit covers a BEP20 token deployed via an upgradeable proxy. The primary finding is a medium-severity issue related to the owner's ability to mint new tokens, which introduces centralization and potential economic risks. The contract otherwise implements standard ERC-20 functionality.

5 Informational
i Our automated scanner reviewed SHIBA INU (SHIB) on BNB Chain. 1 of 5 security checks passed — see the full breakdown below.
Volume 24h
$97.9K
Liquidity
$409.4K
Price
$0.000005468
Age
5y
Top 10 Holders
32.7%

Security Findings

5 Info
Info

The token's controller can create new tokens at any time.

CP-01The `owner` of the token contract has the power to call the `mint(uint256)` function. This function creates new tokens and adds them to the total supply, which can be sent to any address. This means the controller can increase the total number of tokens in circulation without limit, potentially reducing the value of tokens held by others.
IssueThe `owner` of the token contract has the power to call the `mint(uint256)` function. This function creates new tokens and adds them to the total supply, which can be sent to any address. This means the controller can increase the total number of tokens in circulation without limit, potentially reducing the value of tokens held by others.
FixToken holders should be aware that the current `owner` (the controller) has the ability to create an unlimited number of new tokens. To mitigate this risk, the project team could consider transferring ownership to a multi-signature wallet or a decentralized autonomous organization (DAO) that requires multiple approvals for such actions, or even revoking the minting capability if it's not essential for the token's long-term design.
StatusUnresolved
Info

Who holds the supply

QA-HOLDERSThe ten largest holders own 32.7% of supply. What remains: 32.7% in wallets, 0.0% in other contracts. 1,395,888 holders in total. For a verified reference asset the largest holders are custodians, exchanges and bridges; concentration is reported, not scored.
IssueThe ten largest holders own 32.7% of supply. What remains: 32.7% in wallets, 0.0% in other contracts. 1,395,888 holders in total. For a verified reference asset the largest holders are custodians, exchanges and bridges; concentration is reported, not scored.
FixWatch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
StatusAcknowledged
Info

Identity verified by independent sources

QA-IDENTITYListed on CoinGecko as Binance-Peg SHIB (SHIB), market cap $51M. On GoPlus's list of trusted tokens. Traded on Binance. 1,395,888 holders. Verified by: CoinGecko, GoPlus, exchange listings.
IssueListed on CoinGecko as Binance-Peg SHIB (SHIB), market cap $51M. On GoPlus's list of trusted tokens. Traded on Binance. 1,395,888 holders. Verified by: CoinGecko, GoPlus, exchange listings.
FixMatch the contract address against the project's official channels before trading.
StatusAcknowledged
Info

The market for this token

QA-MARKETLiquidity $737K (DexScreener, all pools). 24h trading volume $84K (CoinGecko, all markets, daily snapshot). 24h trading volume $509K (DexScreener, all pools).
IssueLiquidity $737K (DexScreener, all pools). 24h trading volume $84K (CoinGecko, all markets, daily snapshot). 24h trading volume $509K (DexScreener, all pools).
FixSize any position to the liquidity and daily volume shown — they set how much you can sell and at what price.
StatusAcknowledged
Info

Asset class: Wrapped or bridged asset

QA-PROFILEA token representing another asset's units 1:1, backed by a wrapping contract, a custodian or a bridge. Scored as an established reference asset: its identity is verified, so the issuer's or protocol's controls (listed as findings) are real and are priced once as counterparty risk, and LP locks and holder concentration are not scored — its pools belong to market makers and its largest holders are exchanges, bridges and custody. Basis: CoinGecko category: Binance-Peg Tokens. Tokenomics — Supply: mintable with no on-chain cap found. Control: an owner that could not be resolved. Code: upgradeable proxy. Fees: no buy or sell tax. Market: $737K of DEX liquidity across 30 pools. Launch: 1968 days of market history.
IssueA token representing another asset's units 1:1, backed by a wrapping contract, a custodian or a bridge. Scored as an established reference asset: its identity is verified, so the issuer's or protocol's controls (listed as findings) are real and are priced once as counterparty risk, and LP locks and holder concentration are not scored — its pools belong to market makers and its largest holders are exchanges, bridges and custody. Basis: CoinGecko category: Binance-Peg Tokens. Tokenomics — Supply: mintable with no on-chain cap found. Control: an owner that could not be resolved. Code: upgradeable proxy. Fees: no buy or sell tax. Market: $737K of DEX liquidity across 30 pools. Launch: 1968 days of market history.
FixThe backing is the risk: check who holds the underlying asset and how redemption works.
StatusAcknowledged

Category Ratings

TechnicalLow8/10

The contract implements standard ERC-20 functionality, including `transfer` and `transferFrom` methods, which appear to be correctly implemented (7.2 Code Security). A significant technical risk is the `mint(uint256)` function, which allows the contract owner to create new tokens, representing a centralized control point (7.3 Access Control). The ownership can be transferred via `transferOwnership(address)` or renounced via `renounceOwnership()`, both restricted to the current owner.

GovernanceLow8/10

The economic model is primarily affected by the owner's ability to `mint(uint256)` new tokens. This function allows the owner to arbitrarily increase the total supply, which could lead to token dilution and inflation, impacting the value for existing token holders (7.4 Economic). While ownership can be transferred, this does not remove the inherent centralization of control over the token supply (7.5 Governance).

UpgradesHigh2/10

The token is deployed using an EIP-1967 Transparent Proxy pattern, allowing for future upgrades of the contract logic (7.1 Architecture). This provides flexibility for bug fixes or feature enhancements. However, the proxy's admin, an EOA, holds significant power as they can upgrade the implementation, potentially introducing new vulnerabilities or altering token behavior without token holder approval (7.7 Upgrades).

Security Checklist

1/5 checks passed
Contract VerifiedPass
Ownership Renounced?
No Mint FunctionFail
Liquidity LockedFail
Not a ProxyFail
HoneypotNoneBuy Tax0.0%Sell Tax0.0%

Proxy Upgrade Controls

Proxy TypeEip1967 Transparent
AdminEOA (single key controls upgrades)
ImplementationVerified source

Holder Composition

32.7% in top 10
32.7% in wallets0.0% in contracts
Effective Concentration32.7%

Share held by contracts — treasury, vesting, bridge or staking — is discounted against share held by wallets when the score is computed: a contract cannot decide to sell the way an anonymous holder can, though it can still be drained or voted to sell. Effective concentration is the figure the risk score is actually calculated from.

Liquidity Depth

$737.3K across 30 pairs
DinosaureggsWBNBanalysed$409.4K55.5%Pancakeswap v3WBNB$66.0K9.0%Pancakeswap v2WBNB$59.6K8.1%ApeswapWBNB$57.0K7.7%BabyswapUSDT$55.7K7.6%BiswapWBNB$42.0K5.7%
Show 4 more pairsShow less
Pancakeswap v2USDT$23.2K3.1%JetswapWBNB$6.2K0.8%0xC7a5…05D9WBNB$5.8K0.8%NomiswapBUSD$2.3K0.3%

The 20 remaining pairs hold $10.2K 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

Top-1 Unlocked Holder31.5%
Top-3 Unlocked65.3%

Key Addresses

11 addresses
Deployer
0x08ad…b9b7
Unlocked LP Held By
0x426b…a32d0xaac5…c39b0x2b9d…01ef0x11c0…499c0xb609…48f00xd7a9…aa690xced1…250d0xd450…dc360x0ca8…644a0x7182…c9b2

No privileged address appears among these holders: the unlocked liquidity sits with independent providers, not with the deployer.

What Raised This Score

2 factors
  • Issuer controls retained (mint, upgrade) — counterparty risk on a known issuer, not a rug vector
  • The deployer has launched a honeypot before

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
UnifAI (UAI)Medium RiskAIW3Medium RiskPaimon Polymarket SPV Token (PPOLY)Medium RiskLibraMedium Risk吉祥马Medium RiskARAI Token (AA)Medium Risk

Would You Like a More Detailed Audit of SHIBA INU?

Paste the contract address into our AI-powered scanner for a deeper real-time report — free, with every scoring factor shown.

Get Detailed Audit