Is Velvet (VELVET) Safe? Token Security Scan
Verdict
Trust score: 67/100 (grade A) — composite risk 33%.
Velvet shows moderate risk (33% composite risk score). Review the flagged items before sizing a position.
Key checks
- Honeypot signal: none detected
- Buy tax 0% · Sell tax 0%
- Mint function: ACTIVE — supply can be inflated
- Pause/freeze: possible
- Proxy contract: no
- Liquidity: $246,520 tracked, 0% locked
- Holders: 12,707 (top 10 control 91.9%)
Risk factors (4)
- Contract can mint new tokens — supply inflation risk
- Transfers can be paused by the contract owner
- Top 10 holders control 91.9% of supply
- Only 0% of tracked liquidity is locked
Positive signals (3)
- Contract source code is verified
- Liquidity depth: $246,520
- 12,707 holders
Understand these findings
- What an active mint function means
- Why liquidity locks matter
- How liquidity removal rugs work
- Holder concentration and whale risk
- What a pause/freeze function means
New to checking tokens yourself? Read the complete token security checklist — every check on this page explained in plain English.
Partner resources
- Trade established assets on a major exchange — Deep liquidity means tighter spreads and easier entry/exit than thin new-token pools.
Partner links · CryptoRefuge may earn a commission at no extra cost to you. Partners never influence our scan results or verdicts.
Data source: GoPlus Security (live on-chain checks). This is an automated check, not financial advice — a passing scan is not a guarantee of safety. Run your own scan with the free RugShield scanner.