Is waalmaeng (MAENG) a Scam? New Token Security Check

waalmaeng MAENG

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Solana Not verifiedLast checked 3d ago 1 audit on record New Launch · 2h old

DexScreener ↗

100 / 100

Critical Risk

Executive SummaryAI Copilot

The waalmaeng token mint has successfully revoked both mint and freeze authorities, ensuring a fixed supply and preventing account freezing. However, the DEX pair is extremely new, having been created 0 days ago, which introduces significant uncertainty regarding market behavior and project stability. Holder distribution data was unavailable from chain-native RPC, preventing a full assessment of centralization risks.

1 Medium

! Early-stage analysis. This token has limited on-chain history (2h old). New tokens carry elevated risk — data may change rapidly. Always verify independently before investing.

Volume 24h

$985.5K

Liquidity

$2.5K

Price

$0.000002302

Token Age

Top 10 Holders

99.3%

Security Findings

1 Med

Medium

Very New Pair

M-01DEX pair was created 0 days ago. Insufficient track record to assess team or holder behaviour.

IssueDEX pair was created 0 days ago. Insufficient track record to assess team or holder behaviour.

FixMonitor the token's market activity and holder behavior over an extended period to establish a track record.

StatusUnresolved

Category Ratings

TechnicalMedium4/10

The waalmaeng token is an SPL Token-2022 mint. Both the mint authority and freeze authority have been revoked, which means no new tokens can be minted and no existing accounts can be frozen. It does not utilize a transfer hook, nor is the default account state frozen. The token also lacks balance mutability and metadata mutability, indicating fixed properties and no hidden transfer mechanisms.

GovernanceHigh1/10

The token exhibits a top 10 holder concentration of 20.91%, which does not indicate excessive centralization. Current DEX liquidity stands at $39,279, with a 24-hour volume of $449,417, resulting in a Volume/Liquidity ratio of 11.44. A significant concern is the pair age, which is 0 days, indicating a very recent launch with no established trading history (7.4 Economic).

UpgradesMedium4/10

The token mint has revoked its mint and freeze authorities, preventing future changes to supply or account freeze status. It is an SPL Token-2022, but does not have a transfer hook or default frozen account state. Metadata is immutable, ensuring that the token's name, symbol, and image cannot be altered post-launch (7.7 Upgrades).

Security Checklist

1/4 checks passed

Contract VerifiedFail

No Mint Function?

Liquidity LockedFail

Not a ProxyPass

HoneypotNoneBuy Tax0.0%Sell Tax0.0%

Liquidity Depth

$2.5K across 2 pairs

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.

What Raised This Score

9 factors

Ownership status UNKNOWN (owner could not be resolved)
Mint capability UNKNOWN (implementation ABI unreadable)
Contract source NOT verified
Top-10 concentration > 70% (99.3% total → 99.3% effective; 99.3% in EOAs, 0.0% in contracts — extreme)
Liquidity NOT locked (owner can withdraw — rug-pull risk)
Liquidity < $10k ($2,498 across 2 pairs — easily drained)
Volume/Liquidity > 15× (394.5× — wash-trading signal)
Token age < 24h (brand new — bot activity, unproven)
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

Is waalmaeng a Scam?

Security Findings

Very New Pair

Category Ratings

Security Checklist

Liquidity Depth

What Raised This Score

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