Is ONDO Safe? What Our Security Scan of Ondo Found
Introduction
The trust score of Ondo is 82, with an AA trust grade, and it has an 18% scam probability, with the most significant risk factor being that the top 10 holders control 70% of the supply. Ondo is currently trending, and our on-chain security scan provides insights into its security.
What the scan found
Our scan found that Ondo has a trust score of 82 and an AA trust grade, indicating a relatively high level of trustworthiness. The scam probability is 18%, which is a notable risk. The honeypot signal is false, indicating that the contract is not designed to trap investors. There are no buy or sell taxes, and the contract is not mintable. However, it is freezable, and ownership has been renounced. The contract source code is verified, which is a positive signal. The liquidity is $180,354, but only 0% of it is locked, which is a risk factor. There are 208,378 holders, but the top 10 holders control 70% of the supply.
What this means for you
For someone considering investing in Ondo, it is essential to be aware of the risks and positive signals. The high concentration of ownership among the top 10 holders is a significant risk factor, as it could lead to price manipulation. On the other hand, the verified contract source code, the lack of a mint function, and the significant number of holders are positive signals. The liquidity depth of $180,354 is also a positive factor.
This analysis is based on automated on-chain analysis and should not be considered as financial advice. For more information, please visit the full live scan or use our free scanner to evaluate other tokens. To learn more about token security, refer to the full token security checklist.