Is Whuffie (WHUF) a Scam? New Token Security Check

Security Findings

1 Med6 Info

Medium

Liquidity not locked

QA-LIQUIDITY0.0% of the pool's LP is burned or time-locked. 100.0% is held, unlocked, by 7 address(es) other than the owner/deployer. One of them — a wallet, 0x2713…835c — holds 92.1% and can remove that share at once; who controls it is not visible on-chain, so it is not treated as an independent provider. Some pools are concentrated-liquidity (V3/V4) positions; shares above are by position as GoPlus reports them. This assessment covers the main pool, which holds 81% of the token's DEX liquidity; the other pools were not assessed.

Issue0.0% of the pool's LP is burned or time-locked. 100.0% is held, unlocked, by 7 address(es) other than the owner/deployer. One of them — a wallet, 0x2713…835c — holds 92.1% and can remove that share at once; who controls it is not visible on-chain, so it is not treated as an independent provider. Some pools are concentrated-liquidity (V3/V4) positions; shares above are by position as GoPlus reports them. This assessment covers the main pool, which holds 81% of the token's DEX liquidity; the other pools were not assessed.

FixCheck the lock's end date and beneficiary on the locker's own page before relying on it.

StatusAcknowledged

Info

A privileged address controls a switch that decides whether transfers go through

CP-05An on/off setting checked in the transfer path can be changed by a privileged function; depending on its value, transfers or sales are allowed or refused. Ownership is renounced, so no one can call these functions now. Functions: mint, mintBatch, unlockTransfers. Restricted to: owner.

IssueAn on/off setting checked in the transfer path can be changed by a privileged function; depending on its value, transfers or sales are allowed or refused. Ownership is renounced, so no one can call these functions now. Functions: mint, mintBatch, unlockTransfers. Restricted to: owner.

FixCheck who holds these functions and whether a timelock or multisig stands between them and holders.

StatusUnresolved

Info

Who holds the supply

QA-HOLDERSThe ten largest holders own 93.9% of supply. What remains: 2.9% in wallets, 91.0% in other contracts. 1,544 holders in total.

IssueThe ten largest holders own 93.9% of supply. What remains: 2.9% in wallets, 91.0% in other contracts. 1,544 holders in total.

FixWatch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.

StatusAcknowledged

Info

Listed, but not independently verified

QA-IDENTITYListed on CoinGecko as Whuffie (WHUF), market cap $8M, rank #1408. Traded on Coinbase. 1,544 holders.

IssueListed on CoinGecko as Whuffie (WHUF), market cap $8M, rank #1408. Traded on Coinbase. 1,544 holders.

FixMatch the contract address against the project's official channels before trading.

StatusAcknowledged

Info

The market for this token

QA-MARKETLiquidity $355K (DexScreener, all pools). 24h trading volume $2.3M (CoinGecko, all markets, daily snapshot). 24h trading volume $3.2M (DexScreener, all pools).

IssueLiquidity $355K (DexScreener, all pools). 24h trading volume $2.3M (CoinGecko, all markets, daily snapshot). 24h trading volume $3.2M (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: Project token

QA-PROFILEA token issued by a project for use, governance or fundraising. Scored on its contract and market facts. The class itself adds no points; the contract and market facts decide the score. Basis: no class-specific evidence. Tokenomics — Supply: mintable, capped at 0.6% of supply per year. Control: nobody (ownership renounced). Code: upgradeable proxy. Fees: no buy or sell tax. Market: $355K of DEX liquidity across 22 pools. Launch: 2 days of market history.

IssueA token issued by a project for use, governance or fundraising. Scored on its contract and market facts. The class itself adds no points; the contract and market facts decide the score. Basis: no class-specific evidence. Tokenomics — Supply: mintable, capped at 0.6% of supply per year. Control: nobody (ownership renounced). Code: upgradeable proxy. Fees: no buy or sell tax. Market: $355K of DEX liquidity across 22 pools. Launch: 2 days of market history.

FixCheck the project's own documentation for what the token is used for; this report covers what the contract allows.

StatusAcknowledged

Info

Recently launched — 2 days of market history

QA-RECENTThe token's oldest DEX pool is 2 days old. Age is not part of the risk score — a new token is not a risky one by default — but a short history means fewer trades and holder changes behind the facts in this report.

IssueThe token's oldest DEX pool is 2 days old. Age is not part of the risk score — a new token is not a risky one by default — but a short history means fewer trades and holder changes behind the facts in this report.

FixRe-check ownership, liquidity and holder distribution as the token matures; those are the facts that move early.

StatusAcknowledged

Category Ratings

TechnicalLow7/10

The EthosWhuffie contract is a standard ERC-20 token utilizing the UUPS proxy pattern (7.1 Architecture). It includes standard ERC-20 functions like `transfer` and `balanceOf`. The contract incorporates `PausableUpgradeable` and `ERC20CappedUpgradeable` features. All privileged functions, such as `mint`, `pause`, and `unlockTransfers`, are restricted to the owner. However, ownership has been renounced on-chain, rendering these functions dormant and inaccessible (7.3 Access Control, 7.2 Code Security).

GovernanceMedium6/10

The economic model of EthosWhuffie is characterized by its ERC-20 standard implementation (7.4 Economic). Crucially, the contract's ownership has been renounced (7.5 Governance). This means that no single address can call privileged functions like `mint`, `mintBatch`, `pause`, `unpause`, or `unlockTransfers`, effectively decentralizing control over the token's supply and transfer mechanisms. While the contract had a potential for significant annual dilution (e.g., 0.61%) through minting, this risk is now eliminated as minting functions are dormant. The `transfersUnlocked` switch, which could control token transfers, is now permanently set by its last state before renunciation.

UpgradesHigh3/10

The EthosWhuffie contract uses the UUPS (Universal Upgradeable Proxy Standard) pattern (7.7 Upgrades), allowing for future logic upgrades. However, since ownership has been renounced, the `_authorizeUpgrade` function, which typically restricts upgrade initiation to the owner, is now inaccessible. This means the contract's logic cannot be changed or upgraded by any external entity, ensuring immutability of the current implementation. This also means that any potential vulnerabilities in the current implementation cannot be patched.

Security Checklist

2/5 checks passed

Contract VerifiedPass

Ownership RenouncedPass

No Mint FunctionFail

Liquidity LockedFail

Not a ProxyFail

HoneypotNoneBuy Tax0.0%Sell Tax0.0%

Proxy Upgrade Controls

Proxy TypeEip1967 Uups

ImplementationVerified source

Upgrades (30d)0 · stable

Holder Composition

93.9% in top 10

2.9% in wallets91.0% in contracts

Effective Concentration39.3%

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

$355.1K across 22 pairs

AerodromeUSDCanalysed$286.1K Uniswap v4USDC$21.0K Uniswap v3USDC$19.2K Uniswap v4USDC$8.5K Uniswap v4USDC$7.5K AerodromeUSDC$3.8K

Show 4 more pairsShow less

Uniswap v4USDC$2.0K Uniswap v4USDC$2.0K Uniswap v4USDC$1.3K Uniswap v4USDC$998

The 12 remaining pairs hold $2.7K 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 Holder92.1%

Top-3 Unlocked96.9%

Key Addresses

8 addresses

Deployer

0x7d1d…3034

Unlocked LP Held By

0x2713…835c0x9008…7fa30x0af1…44f50x0f41…841a0x40ba…b4ec0xbb8f…c3c00xc606…54b6

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

What Raised This Score

3 factors

Upgradeable proxy — the admin can replace the logic
Liquidity NOT locked (100% of the pool; this pool is 81% of DEX liquidity) — held by independent providers — market-depth risk
Top-10 concentration > 30% (93.9% total → 39.3% effective; 2.9% in EOAs, 91.0% in contracts)

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

Not Signed In

Is Whuffie a Scam?

Security Findings

Liquidity not locked

A privileged address controls a switch that decides whether transfers go through

Who holds the supply

Listed, but not independently verified

The market for this token

Asset class: Project token

Recently launched — 2 days of market history

Category Ratings

Security Checklist

Proxy Upgrade Controls

Holder Composition

Liquidity Depth

LP Distribution

Key Addresses

What Raised This Score

Related Audits

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