Is CHIP Safe? What Our Security Scan of Chip Found
Introduction
The Chip token has a trust score of 70, a trust grade of A, and a scam probability of 30%, with the top 10 holders controlling 93.4% of the supply being the most significant risk factor, while the contract source code is verified. It's currently trending, drawing the attention of potential investors.
What the scan found
Our on-chain security scan found that the Chip token, symbol CHIP, is an Ethereum-based ERC-20 token with the address 0x0c1c1c109fe34733fca54b82d7b46b75cfb71f6e. The trust score is 70, with a trust grade of A, and there's a 30% scam probability. The honeypot signal is false, and there are no buy or sell taxes. The contract is not mintable or freezable, and ownership has been renounced. The contract source code is verified, which is a positive signal. The liquidity is $35,593, with 0% of tracked liquidity locked, and there are 471 holders, with the top 10 holders controlling 93.4% of the supply.
What this means for you
For someone considering investing in the Chip token, the high concentration of ownership among the top 10 holders and the low liquidity are significant risk factors. On the other hand, the verified contract source code and the lack of a mint function are positive signals. It's essential to weigh these factors carefully and consider the full token security checklist before making any investment decisions.
This analysis is based on automated on-chain data and should not be considered as financial advice. For the full live scan of the Chip token, visit the scan page, and to scan other tokens, use our free scanner.