Is ENA Safe? Security Scan of ENA
Introduction
ENA has a trust score of 75, a trust grade of A, a 25% scam probability, and a significant risk factor due to its mintable nature, allowing for potential supply inflation. Notably, it's currently trending, drawing attention from potential investors.
What the scan found
The on-chain security scan of ENA revealed several key findings. ENA is an ERC-20 token on the Ethereum chain, with the address 0x57e114b691db790c35207b2e685d4a43181e6061. It has a trust score of 75 and a trust grade of A, indicating a relatively high level of trustworthiness. However, there is a 25% scam probability, which is a significant risk factor. The honeypot signal is false, indicating that the contract does not have any honeypot traps. The buy and sell tax percentages are both 0, meaning there are no taxes on transactions. 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 $207,203, but only 0% of the tracked liquidity is locked, which is a risk factor. There are 99,536 holders, but the top 10 holders control 62% of the supply, which is another risk factor.
What this means for you
For someone considering investing in ENA, these findings are crucial. The mintable nature of the contract and the high concentration of ownership among the top 10 holders pose significant risks. However, the verified contract source code, high number of holders, and substantial liquidity depth 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 analysis and should not be considered as financial advice. For the full live scan of ENA, visit the scan page. To scan other tokens and assess their security, use our free scanner tool.