Is ENA Safe? Our Security Scan of ENA
Introduction
The trust score of ENA is 75, with a trust grade of A and a scam probability of 25%, and the single most important risk factor is that the contract can mint new tokens, posing a supply inflation risk. ENA is currently trending, and understanding its security is crucial for potential investors.
What the scan found
The scan of ENA, an Ethereum-based ERC-20 token, found several key points. The token has a trust score of 75 and a trust grade of A, indicating a relatively high level of security. However, there is a 25% scam probability, which is a significant risk. 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. The liquidity is $401,303, but none of it is locked, which poses a risk. There are 99,687 holders, but the top 10 holders control 60.4% of the supply.
What this means for you
For someone considering investing in ENA, the scan findings indicate both positive and negative factors. On the positive side, the verified contract source code and significant number of holders are reassuring. However, the ability of the contract to mint new tokens and the high concentration of ownership among the top 10 holders are significant risks that could impact the token's value. It is essential to consider these factors carefully and do further research.
This analysis is based on automated on-chain analysis and should not be considered as financial advice. For more information on ENA, visit the full live scan. To learn more about token security and how to protect yourself, visit our free scanner and review the full token security checklist to make informed decisions.