Is INJ Safe? Our Security Scan of Injective Token
Introduction
The Injective Token has a trust score of 75, a trust grade of A, and a scam probability of 25%, with a significant risk factor being that the top 10 holders control 96.1% of the supply. Notably, the Injective Token is currently trending, drawing attention from potential investors.
What the scan found
Our on-chain security scan revealed several key findings about the Injective Token. The token has a trust score of 75 and a trust grade of A, indicating a relatively high level of security. The scam probability is 25%, which is a notable risk. The scan also found that the token has no honeypot signal, no buy or sell taxes, and is not mintable or freezable. Additionally, the contract ownership has been renounced and the contract source code is verified. The token has a liquidity of $38,435 and 47,478 holders, but the top 10 holders control 96.1% of the supply.
What this means for you
For someone considering investing in the Injective Token, these findings are important to consider. The high concentration of ownership among the top 10 holders is a significant risk factor, as it could potentially lead to market manipulation. On the other hand, the verified contract source code and lack of mint function are positive signals. The relatively low liquidity is also a concern, as it could make it difficult to buy or sell the token quickly. It's essential to carefully evaluate these factors and consider the full token security checklist before making a decision.
Conclusion
This analysis is based on automated on-chain security scan and should not be considered as financial advice. For the full and live scan results, please visit the Injective Token scan page. You can also use our free RugShield scanner to check the security of other tokens.