On-chain security analysis — is it a scam or legit?
SolanaThis audit of the Wrapped Ether (Wormhole) (WETH) SPL token mint reveals critical risks.
Read the full analysisEach 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
Holder balances as recorded by the audit of Sep 22, 2026
The 20 remaining pairs hold $53.6K between them and are not listed. The risk score reads depth across every pair.
Whether the LP tokens are locked could not be determined.
The mint authority is . The holder of this key can mint unlimited new tokens, diluting all current holders to zero value.
Verify on-chain that the mint authority is set to null before treating supply as fixed.
Unresolved
Top 10 token accounts hold 80.24% of supply. Coordinated sell-off would crash price; single-whale dumps are common in this range.
Exercise caution due to the significant risk of market manipulation and price volatility from large holders. Monitor holder distribution closely.
Unresolved
Token name, symbol, or image can be changed post-launch.
Verify metadata against off-chain expectations before trusting branding.
Unresolved
This audit of the Wrapped Ether (Wormhole) (WETH) SPL token mint reveals critical risks. The mint authority is still active, allowing for unlimited new token creation and potential dilution. Additionally, there is a high concentration of tokens among the top 10 holders, posing a significant market manipulation risk. Third-party registry data was available and corroborated these findings.
The token is an SPL token operating under the spl-token program. It has a total supply of 4,702,911,261.571 tokens with 8 decimals. A significant technical risk (7.3 Access Control) is the active mint authority, , which retains the power to create new tokens. The freeze authority, however, has been revoked, preventing arbitrary freezing of holder accounts. The token does not utilize Token-2022 extensions like permanent delegates or transfer hooks, and balance mutability is disabled.
The economic stability of the token (7.4 Economic) is challenged by a high concentration of ownership, with the top 10 token accounts holding 80.24% of the total supply. This level of concentration makes the token highly susceptible to price manipulation from large sell-offs. Liquidity is robust at $3,589,210, and the 24-hour volume of $4,203,101 results in a normal Volume/Liquidity Ratio of 1.17, indicating organic trading activity. The DEX pair has been active for 1354 days, providing a long track record.
The token's core functionality is governed by the spl-token program, which is a fixed program. While the token itself is not upgradable in the EVM sense (7.7 Upgrades), the metadata_mutable flag is set to True, meaning the token's name, symbol, or image can be altered post-launch. The mint authority remains active, allowing for changes to the total supply. The freeze authority has been revoked, preventing future changes to account freezing capabilities.
Prospective holders should prioritize verifying the on-chain status of the mint authority.
Before acquiring or holding this token, confirm that the mint authority has been permanently revoked to ensure the supply is fixed and immune to inflationary attacks. Additionally, monitor the token's holder distribution for any significant changes that could exacerbate the existing concentration risk. Be aware that the token's metadata can be changed, so regularly check the on-chain metadata against expected branding.
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Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
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