Synapse Security: SYN Token Scan Results
Introduction to Synapse
Synapse (SYN) is currently drawing attention, prompting us to run it through our RugShield security scanner to provide an assessment of its security.
What the scan found
The scan found that Synapse has a trust score of 75, corresponding to a trust grade of A, and a scam probability of 25%. The honeypot signal is false, indicating no signs of a honeypot trap. There are no taxes on buying or selling SYN. The contract is mintable but not freezable, and ownership has been renounced. The contract source code is verified, which is a positive signal. The liquidity is $76,750, with 0% of tracked liquidity locked. There are 10,602 holders, but the top 10 holders control 69.4% of the supply.
What this means for you
For someone considering Synapse, the scan findings indicate a moderate level of risk. The ability to mint new tokens poses a supply inflation risk, and the high concentration of tokens among the top 10 holders could lead to price volatility. On the other hand, the verified contract source code, significant liquidity, and large number of holders are positive signals. It is essential to weigh these factors when deciding whether to engage with SYN.
The information provided is based on automated on-chain analysis and should not be considered as financial advice. For the full live scan of Synapse, visit the scan page. To scan other tokens, use our free RugShield scanner.