New Launch · 6d old
Solana · Early Security Check · Jun 09, 2026

Is The Solana Mascot a Scam? SOLY

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

Contract dqbjje…pump DexScreener ↗
Critical Risk
! Early-stage analysis. This token has limited on-chain history (6d old). New tokens carry elevated risk — data may change rapidly. Always verify independently before investing.
Volume 24h
$61.0K
Liquidity
$25.8K
Price
$0.0001358
Token Age
6d
Top 10 Holders
0.0%

Critical Security Flags

2/5 checks passed
Contract VerifiedFail
Ownership RenouncedFail
No Mint FunctionPass
Liquidity LockedFail
Not a ProxyPass

Security Analysis

This audit report focuses on the SPL Token Mint account for 'The Solana Mascot (SOLY)'. A critical finding reveals that the mint account is uninitialized, rendering the token non-functional. Despite this, external data sources report active trading and liquidity, creating a significant discrepancy and posing a high economic risk to users. The mint and freeze authorities have also been prematurely revoked, preventing any future initialization of the token.

Given the critical uninitialized state of the SPL Token Mint account and the premature revocation of its authorities, this token is currently non-functional and cannot be used for transfers or any intended purpose. The reported trading activity for an uninitialized asset presents a severe economic risk to users. It is strongly recommended that all users avoid interacting with this token until its on-chain state is verified and confirmed to be properly initialized and functional. For projects facing similar issues or requiring robust token deployment, a Premium Audit and Consultation service can provide comprehensive on-chain verification, secure deployment strategies, and best practices for SPL token management, ensuring all critical parameters are correctly configured before public launch.

Audit Summary

This audit report focuses on the SPL Token Mint account for 'The Solana Mascot (SOLY)'. A critical finding reveals that the mint account is uninitialized, rendering the token non-functional. Despite this, external data sources report active trading and liquidity, creating a significant discrepancy and posing a high economic risk to users. The mint and freeze authorities have also been prematurely revoked, preventing any future initialization of the token.

Final Recommendation: Given the critical uninitialized state of the SPL Token Mint account and the premature revocation of its authorities, this token is currently non-functional and cannot be used for transfers or any intended purpose. The reported trading activity for an uninitialized asset presents a severe economic risk to users. It is strongly recommended that all users avoid interacting with this token until its on-chain state is verified and confirmed to be properly initialized and functional. For projects facing similar issues or requiring robust token deployment, a Premium Audit and Consultation service can provide comprehensive on-chain verification, secure deployment strategies, and best practices for SPL token management, ensuring all critical parameters are correctly configured before public launch.

Category Ratings

TechnicalHigh
6/10

The underlying SPL Token Program (v3) is a well-audited and robust framework (7.2 Code Security). The revocation of mint and freeze authorities (7.3 Access Control) would typically be a strength for a fixed-supply token, enhancing decentralization. However, the critical finding is that the token min

GovernanceHigh
6/10

The absence of a central minting authority (7.5 Governance) is generally a positive for decentralization, preventing arbitrary supply inflation. However, the primary economic risk (7.4 Economic) stems from the uninitialized state of the token, which directly contradicts the reported liquidity and tr

UpgradesLow
6/10

As an SPL Token Mint account, it represents data managed by the SPL Token Program, not an upgradable program itself. The underlying SPL Token Program is a highly stable and well-maintained program (7.7 Upgrades) with its own upgrade mechanisms. The mint account itself does not have upgradeability co

Security Findings

3 total
1 Critical 1 High 1 Medium
C-01CriticalUnresolved

SPL Token Mint Uninitialized

The SPL Token Mint account `dqbjjeh6nppacx8fvuxvywx8aqddpd5na7k2lcfwpump` is reported as `Initialized: False`. An uninitialized SPL Token Mint cannot have a supply, decimals, or be used for token transfers. This renders the token non-functional and unusable for its intended purpose.

Recommendation: The mint must be properly initialized by calling the `initialize_mint` instruction of the SPL Token Program. Without initialization, the token cannot function as intended. If authorities are revoked, this initialization cannot occur, making the token permanently non-functional.
H-01HighUnresolved

Active Trading for Uninitialized Token

Despite the mint account being uninitialized, external data sources (dexscreener) report significant liquidity ($22,563 USD) and 24-hour trading volume ($70,778 USD) for 'The Solana Mascot (SOLY)'. This creates a critical discrepancy, as an uninitialized token cannot be traded. This suggests either a severe data misattribution, or users are trading a phantom token, potentially indicating a scam or significant user confusion.

Recommendation: Users and protocols should verify the on-chain state of the mint account directly using Solana RPC calls. Do not rely solely on external liquidity aggregators for token functionality. Avoid trading this token until its initialized status is confirmed on-chain to prevent potential financial loss.
M-01MediumUnresolved

Premature Revocation of Mint and Freeze Authorities

Both the Mint Authority and Freeze Authority for the token are reported as `revoked (None)`. While revocation is a common security practice for fixed-supply tokens post-initialization to enhance decentralization, revoking these authorities *before* the mint is initialized prevents the necessary `initialize_mint` instruction from being executed. This makes the token permanently non-functional unless a new mint account is created.

Recommendation: If the intention was to create a functional, fixed-supply token, the mint should have been initialized *before* revoking the authorities. Given the current state, the token cannot be made functional, and a new, properly configured mint account would be required for a functional token.

Frequently Asked Questions

Is The Solana Mascot a scam?

The data indicates several critical risk factors commonly associated with fraudulent projects. The contract is unverified, ownership is not renounced, and liquidity is unlocked. While these do not definitively prove it is a scam, they provide the technical capabilities for a malicious rug pull or other deceptive actions. These factors warrant extreme caution and suggest high potential for exploitation.

Is The Solana Mascot safe to buy?

Based on the provided security data, The Solana Mascot (SOLY) is not considered safe to buy. The unverified contract, unrenounced ownership, and unlocked liquidity are significant red flags. These factors expose potential investors to substantial risks, including the possibility of a rug pull or malicious contract alterations by the deployer. Exercise extreme caution if considering investment.

Has The Solana Mascot been audited?

The contract for The Solana Mascot (SOLY) is reported as unverified. This status means its code is not publicly available for inspection or formal auditing. Without a verified contract, a comprehensive security audit by independent third parties is not possible, leaving potential vulnerabilities or malicious functionalities undiscovered. Therefore, no audit can be confirmed.

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