Is The Toad Pepe a Scam?

The token is implemented using the spl-token-2022 program. Both the mint authority and freeze authority have been revoked, ensuring that no new tokens can be minted and no existing accounts can be frozen. No transfer hook is active, and the default account state is not frozen, allowing for standard token transfers. The token's metadata is immutable, preventing changes to its name or symbol post-launch.

The token exhibits a holder concentration where the top 10 accounts hold 28.9% of the supply, which is below thresholds for high concentration risk. Total DEX liquidity stands at $519,161, supporting moderate trading. However, the DEX pair is very new, established only 3 days ago, and the 24-hour volume of $5,721,818 results in a Volume/Liquidity ratio of 11.02, suggesting active trading but not necessarily wash trading (ratio is below 20).

The mint authority and freeze authority are both revoked, preventing any future changes to the token's supply or the ability to freeze accounts. The token utilizes the spl-token-2022 program, but no upgradable extensions like transfer fee or transfer hook are active or upgradable. Metadata is also immutable, ensuring branding consistency.