Is RAY Safe? What Our Security Scan of Raydium Found
Introduction
Raydium's trust score is 90 with a scam probability of 10%, and its top 10 holders control 76.6% of the supply, with the single most important risk being that token metadata can still be changed by an authority. Notably, Raydium is currently trending, drawing attention from potential investors.
What the scan found
The scan of Raydium (RAY) on the Solana (SPL) chain found a trust score of 90 and a trust grade of AAA, indicating a low scam probability of 10%. The honeypot signal is false, and there are no buy or sell taxes. The contract is not mintable or freezable, but ownership has not been renounced, and the contract is verified. The liquidity depth is $9,012,858, with no liquidity locked, and there are 254,029 holders. However, the top 10 holders control 76.6% of the supply.
What this means for you
For someone considering investing in Raydium, the high trust score and low scam probability are positive indicators. However, the fact that token metadata can still be changed by an authority and the top 10 holders control a significant portion of the supply are risk factors to consider. On the other hand, the lack of mint and freeze authorities, the fixed supply, and the significant liquidity depth are positive signals. It's essential to weigh these factors carefully and consider the full token security checklist, available at the full token security checklist, before making a decision.
This analysis is based on automated on-chain analysis and should not be considered as financial advice. For the full live scan of Raydium, visit the live scan. To scan other tokens, use our free scanner at the token scanner.