LINEA Security: 70 Trust Score, High Concentration Risk
Introduction
The trust score for LINEA is 70, with a trust grade of A, a scam probability of 30%, and the most significant risk factor being that the top 10 holders control 99.2% of the supply, with no honeypot signal detected. Notably, LINEA is currently trending, drawing attention to its security profile.
What the scan found
The on-chain security scan of LINEA, which operates on the Ethereum blockchain as an ERC-20 token, found several key points. The contract address is 0x1789e0043623282d5dcc7f213d703c6d8bafbb04, and it has a trust score of 70, indicating a relatively high level of trustworthiness. The trust grade is A, suggesting a good security posture. However, there is a 30% scam probability, which is a significant risk factor. The scan also detected no honeypot signal, which is positive. Additionally, there are no buy or sell taxes, and the contract is not mintable or freezable. The ownership of the contract has been renounced, and the contract source code is verified. The liquidity is $11,584, with 0% of tracked liquidity locked, and there are 11,036 holders. The top 10 holders, however, control 99.2% of the supply, which is a significant concentration of ownership.
What this means for you
For someone considering LINEA, the high concentration of ownership among the top 10 holders is a significant risk factor, as it could lead to market manipulation. The low liquidity depth of $11,584 and the lack of locked liquidity are also concerns. On the positive side, the absence of a mint function, the verification of the contract source code, and the large number of holders (11,036) are good signs. The fact that the contract ownership has been renounced and there are no taxes on transactions are also positives. However, the 30% scam probability and the high concentration of ownership among a few holders should be carefully considered.
This analysis is based on automated on-chain security scans and should not be considered as financial advice. For more detailed information on LINEA, you can view the full live scan. To learn more about token security and how to protect yourself, you can refer to the full token security checklist and utilize our free scanner tool at CryptoRefuge's RugShield to assess the security of other tokens.