Euler EUL Security Scan Findings
Introduction
The Euler token, with the symbol EUL, has a trust score of 60, a trust grade of B, a scam probability of 40%, and poses a significant risk due to its ability to mint new tokens, which could lead to supply inflation. Notably, Euler is currently trending, drawing attention to its security and legitimacy.
What the scan found
Our on-chain security scan of Euler revealed several key findings. The token has a trust score of 60 and a trust grade of B, indicating a moderate level of trustworthiness. However, there is a 40% probability of it being a scam. The contract does not have a honeypot signal, and there are no taxes on buying or selling. The contract is mintable but not freezable, and ownership has been renounced. The contract source code is verified, which is a positive signal. Euler has a liquidity of $15,844, with 0% of tracked liquidity locked, and 5,277 holders. The top 10 holders control 55.1% of the supply.
What this means for you
Considering Euler, it's essential to be aware of the risks and positive signals. The ability to mint new tokens poses a significant risk of supply inflation, which could negatively impact the token's value. Additionally, the top 10 holders controlling 55.1% of the supply and the low liquidity depth of $15,844 are risk factors. On the positive side, the verified contract source code and the presence of 5,277 holders are indicators of a potentially legitimate project. For a comprehensive understanding of token security, refer to the full token security checklist.
This analysis is based on automated on-chain data and should not be considered as financial advice. For the full live scan of Euler, visit the scan page. To scan other tokens for security risks, use our free scanner.