Venice Token VVV Security Scan
Introduction to Venice Token
Venice Token (VVV) 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 of Venice Token (VVV) on the Base chain revealed a trust score of 65, earning it a trust grade of A. However, there is a 35% scam probability. The honeypot signal is false, indicating no honeypot trap detected. Both buy and sell taxes are 0%, and the contract is mintable but not freezable. The ownership of the contract has not been renounced, and the contract source code is verified. The liquidity in USD is $961,165, with 0% of the tracked liquidity locked. There are 139,945 holders, but the top 10 holders control 91.3% of the supply.
What this means for you
Considering investing in Venice Token, it's crucial to understand the implications of these findings. On the positive side, the verified contract source code and significant liquidity depth of $961,165, along with a large holder base of 139,945, are reassuring. However, the risk factors, including the ability to mint new tokens which could lead to supply inflation, the high concentration of ownership among the top 10 holders (91.3%), and the fact that only 0% of the liquidity is locked, pose significant risks. The owner wallet holding 29.2% of the supply is another concern. These factors should be carefully weighed when deciding whether to invest in VVV.
This analysis is based on automated on-chain data and should not be considered as financial advice. For the full live scan of Venice Token (VVV), visit the scan details. To scan other tokens for security risks, use our free RugShield scanner.