MORPHO Token Security: 70 Trust Score, A Grade
Introduction
The Morpho Token has a trust score of 70, an A grade, and a scam probability of 30%, with a significant risk factor being that top 10 holders control 64.9% of the supply. The token's contract source code is verified and has 21,438 holders. Notably, Morpho Token is currently trending, drawing attention to its on-chain security.
What the scan found
The on-chain security scan of Morpho Token revealed several key findings. The token has a trust score of 70 and a trust grade of A, indicating a relatively high level of security. However, there is a 30% probability of it being a scam. The honeypot signal is false, indicating that the contract does not have a honeypot function. The buy and sell tax percentages are both 0, meaning there are no taxes on transactions. The contract is not mintable and not freezable, and the ownership has been renounced. The contract source code is verified, which is a positive signal. The liquidity is $20,120, and the top 10 holders control 64.9% of the supply.
What this means for you
Considering the findings, the high concentration of supply among the top 10 holders is a significant risk factor. On the other hand, the verified contract source code and the lack of mint and honeypot functions are positive signals. The low liquidity depth of $20,120 is also a risk factor. For someone considering investing in Morpho Token, it is essential to weigh these factors carefully. The large number of holders, 21,438, is a positive signal, but the low liquidity and high concentration of supply among top holders are significant risks.
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 of Morpho Token. To learn more about token security and how to protect yourself from potential scams, visit the full token security checklist. You can also use our free token scanner to check the security of other tokens.