Derive (DRV) Security Scan Results
Introduction to Derive (DRV) Security Scan
Derive (DRV) is currently drawing attention, prompting us to run it through our RugShield security scanner to provide an assessment of its on-chain security.
What the scan found
The scan of Derive (DRV) revealed a trust score of 70, which corresponds to a trust grade of A. The scam probability is estimated at 30%. Notably, the honeypot signal is false, indicating no detected honeypot trap. Additionally, there are no taxes on buying or selling, and the contract is not mintable or freezable. The ownership of the contract has been renounced, and the contract source code is verified. The liquidity is $47,356, with 0% of tracked liquidity locked. There are 56,516 holders, with the top 10 holders controlling 87.8% of the supply.
What this means for you
Considering investing in Derive (DRV), it's essential to weigh the findings. On the positive side, the contract's verification, lack of a mint function, and significant number of holders are reassuring. However, the high concentration of supply among the top 10 holders and the low liquidity depth are risk factors to consider. The lack of locked liquidity also poses a risk. These factors should be carefully evaluated when deciding whether to invest in Derive (DRV). This analysis is based on automated on-chain data and should not be considered as financial advice. For the full, live scan of Derive (DRV), visit the scan page. To scan other tokens, use our free RugShield scanner.