Pudgy Penguins PENGU Security Scan Results
Introduction to Pudgy Penguins
Pudgy Penguins, with the symbol PENGU, is currently drawing attention in the cryptocurrency space, prompting us to run it through our RugShield security scanner to provide an assessment of its security and potential risks.
What the Scan Found
Our scan revealed that Pudgy Penguins has a trust score of 75, corresponding to a trust grade of A. The scam probability percent is 25%, indicating some level of risk. The honeypot signal is false, suggesting that the contract does not have mechanisms to trap investor funds. Both buy and sell tax percentages are 0, meaning no additional fees are applied to transactions. The contract is not mintable or freezable, and ownership has been renounced, which can be seen as positive signals. The contract source code is verified, adding to its credibility. The liquidity in USD is $22,456, with 0% of tracked liquidity locked. There are 1499 holders, but the top 10 holders control 52.4% of the supply.
What This Means for You
For someone considering investing in Pudgy Penguins, it's crucial to weigh the findings from our scan. On the positive side, the lack of a mint function, verified contract source code, and the number of holders are favorable signals. However, the high concentration of supply among the top 10 holders and the low liquidity depth are significant risk factors. The fact that only 0% of tracked liquidity is locked and the relatively low trust score compared to the potential for scams should also be considered.
Conclusion
This analysis is based on automated on-chain data and should not be taken as financial advice. For the most current and detailed information, you can view the full live scan of Pudgy Penguins at Pudgy Penguins Scan. Additionally, you can use our free RugShield scanner tool at RugShield Tool to assess other tokens.