Is Solomon Safe?

The Solomon (SOLO) token operates on the classic `spl-token` program. A critical security concern is the active mint authority, 98SPcy…Yj9u, which retains the power to mint new tokens. Conversely, the freeze authority has been revoked, preventing the freezing of holder accounts. The token does not utilize several Token-2022 extensions, such as balance mutability, closable accounts, freezable accounts, default frozen state, non-transferability, or upgradable transfer fees/hooks.

The economic stability of the Solomon (SOLO) token is significantly impacted by its holder concentration, with the top 10 accounts controlling 76.1% of the total supply. This high concentration introduces substantial risk from potential large-scale sell-offs. The token exhibits healthy liquidity at $3,362,082 USD, with a 24-hour trading volume of $589,654 USD, resulting in a normal Volume/Liquidity Ratio of 0.18. The DEX pair has been active for 309 days, indicating a moderate track record.

The Solomon (SOLO) token's mutability features present a mixed risk profile. While the freeze authority has been revoked, the mint authority remains active, allowing for potential changes to the token supply. The token's metadata is mutable, meaning its name, symbol, or image can be altered post-launch. No Token-2022 specific upgradeable extensions like transfer fee upgradability or transfer hook upgradability are active.