Is Velvet (VELVET) Safe? Token Security Scan
Verdict
Trust score: 52/100 (grade B) — composite risk 48%.
Velvet shows moderate risk (48% 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
- Liquidity: $15,109 tracked, 0% locked
- Holders: 12,353 (top 10 control 91.3%)
Risk factors (5)
- Contract can mint new tokens — supply inflation risk
- Transfers can be paused by the contract owner
- Top 10 holders control 91.3% of supply
- 99% of tracked LP is not verifiably burned or locked — that liquidity can be pulled
- Low liquidity depth: $15,109
Positive signals (2)
- Contract source code is verified
- 12,353 holders
Understand these findings
Partner resources
Scams like this are exactly why self-custody and trusted venues matter:
- 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.