Is LIT Safe? What Our Security Scan of Lighter Found
Introduction
The Lighter token (LIT) has a trust score of 75, a trust grade of A, and a scam probability of 25%, with the most significant risk factor being that the top 10 holders control 66.3% of the supply. It's currently drawing attention, and our scan provides an in-depth look at its security.
What the scan found
Our on-chain security scan found that the Lighter token has a trust score of 75 and a trust grade of A, indicating a relatively high level of trustworthiness. The scam probability is 25%, which is a notable risk. The contract has been verified, and there is no mint function, which reduces the risk of unexpected token creation. The honeypot signal is false, indicating that the contract is not designed to trap investor funds. There are no taxes on buying or selling, and the contract is not freezable. The ownership has been renounced, which can be seen as a positive signal. The liquidity is $30,999, which is considered low, and none of it is locked. There are 6,475 holders, with the top 10 holders controlling 66.3% of the supply.
What this means for you
For someone considering investing in the Lighter token, the high concentration of ownership among the top 10 holders is a significant risk factor. This could lead to price manipulation and other negative consequences. On the other hand, the verified contract, lack of mint function, and renounced ownership are positive signals. The low liquidity is also a concern, as it could lead to large price swings.
This analysis is based on automated on-chain analysis and should not be considered as financial advice. For more information, please see the full live scan or use our free scanner to check the security of other tokens. You can also review the full token security checklist to learn more about what to look for when evaluating token security.