Is Zcash Safe?

The Zcash (ZEC) token is implemented using the classic spl-token program. A critical finding is the active mint authority at FvULaw…NYds, which retains the power to mint new tokens. The freeze authority has been revoked, preventing any entity from freezing holder accounts. The token has a supply of 8,885,362,694,112 raw units with 8 decimals, and no Token-2022 extensions like permanent delegate, transfer hook, or default account state frozen are active. Balance mutability is also disabled.

The token exhibits healthy liquidity with $2,932,779 in total DEX liquidity and a 24-hour volume of $7,131,284. The volume-to-liquidity ratio is 2.43, which is considered normal and does not suggest wash trading. The DEX pair has been active for 312 days, indicating a reasonable track record. Holder concentration shows the top 10 accounts hold 37.34% of the supply, which is below thresholds for high concentration risk.

The mint authority remains active at FvULaw…NYds, allowing for potential changes to the token's supply. The freeze authority has been revoked, which is a positive security measure. However, the token's metadata is mutable, meaning its name, symbol, or image can be altered post-launch. No Token-2022 specific upgradeability flags for transfer fees or transfer hooks are enabled.