Is LIT Safe? What Our Security Scan of Lighter Found
Introduction
The Lighter token has a trust score of 75, a trust grade of A, a scam probability percentage of 25, and the single most important risk factor is that the top 10 holders control 66.5% of the supply, while a significant positive signal is that the contract source code is verified. It's worth noting that Lighter is currently trending, drawing attention from potential investors.
What the scan found
Our on-chain security scan found that the Lighter token, with the symbol LIT, is an ERC-20 token on the Ethereum chain, with the address 0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2. The scan revealed 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. 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 $20,953, with 0% of tracked liquidity locked, and there are 6,109 holders. The top 10 holders control 66.5% of the supply, which is a significant risk factor.
What this means for you
For someone considering investing in the Lighter token, these findings are important to consider. The fact that the top 10 holders control a large percentage of the supply is a risk factor, as it could lead to price manipulation. On the other hand, the verified contract source code and the large number of holders are positive signals. The low liquidity depth of $20,953 is also a risk factor, as it could lead to price volatility. It's essential to carefully evaluate these factors before making any investment decisions.
This analysis is based on automated on-chain analysis and should not be considered as financial advice. For more information, you can view the full live scan of the Lighter token. You can also use our free scanner to evaluate the security of other tokens. Additionally, you can refer to the full token security checklist to learn more about the factors that affect token security.