Fetch FET Security Scan Results
Introduction
Fetch FET has a trust score of 62, a trust grade of B, and a scam probability of 38%, with a significant risk factor being the ability to mint new tokens, which poses a supply inflation risk. Given its current trend, understanding the security aspects of this token is crucial for potential investors.
What the scan found
The on-chain security scan of Fetch FET revealed several key points. The token has a trust score of 62 and a trust grade of B, indicating a moderate level of trustworthiness. The scam probability is 38%, which is a significant concern. The honeypot signal is false, meaning there are no detected honeypot traps in the contract. Both buy and sell taxes are 0%, which is beneficial for traders. The contract is mintable and freezable, but ownership has been renounced, and the contract source code is verified. The liquidity is $227,508, with 0% of tracked liquidity locked, and there are 165,565 holders, with the top 10 holders controlling 48% of the tokens.
What this means for you
For someone considering investing in Fetch FET, the ability of the contract to mint new tokens poses a significant risk of supply inflation, which could negatively impact the token's value. Additionally, the presence of a hidden owner and the ability to pause transfers are risk factors to consider. However, the verified contract source code, reasonable holder distribution, and liquidity depth are positive signals. It's essential to weigh these factors carefully and consider the full token security checklist, available at the full token security checklist, before making any investment decisions.
This analysis is based on automated on-chain security scans and should not be considered as financial advice. For the full live scan of Fetch FET, visit the scan results. To scan other tokens for security risks, use our free token security scanner.