Let’s talk about MAX BIDDING HORNY DEGENS (symbol: 100%), an SPL token on the Solana blockchain. With its flashy name and engaging branding, it has caught the eye of many in the crypto world. But is it safe to invest in? Let’s break it down step-by-step, and by the end, you’ll have a clear safety rating.
The Basics
Before diving into the risks, here’s a quick overview of the token:
Risk Analysis
Every token has risks, and analyzing them can help investors make informed decisions. Here’s what we found:
1. Open Source Code
✅ Yes, it’s open source.
Transparency is key in crypto. An open-source contract allows the community to verify the code. This earns a big checkmark for MAX BIDDING HORNY DEGENS.
2. Minting Capability
✅ No minting capability detected.
The inability to mint additional tokens ensures that the supply remains fixed. This reduces the risk of inflation or unexpected dumps caused by new token issuance.
3. Metadata Security
✅ Metadata is immutable.
Immutable metadata means the core details of the token cannot be altered after deployment. It’s another green flag for the project.
4. Freeze Authority
✅ Freeze authority has been revoked.
No one can freeze the token arbitrarily. This ensures uninterrupted transactions for investors.
5. Liquidity Pool Burn
🔥 100% of the liquidity pool on Raydium is burned.
Burning LP tokens is a strong move to ensure security. It prevents developers from draining liquidity and leaving investors stranded.
Liquidity Pool Information
The token operates in two primary liquidity pools:
Raydium Pool (SOL-100%)
- Liquidity: $83,010
- 24-Hour Volume: $2.42 Million
- LP Burn: 100% Burned
- Create Time: December 21, 2024
This pool is the primary source of liquidity for MAX BIDDING HORNY DEGENS. The 100% LP burn on Raydium is a great sign of trustworthiness.
Pump.fun Pool (100%-SOL)
- Liquidity: No liquidity data available
- 24-Hour Volume: $96,430
- LP Burn: Not Burned
- Create Time: October 10, 2024
Unlike the Raydium pool, the LP tokens here aren’t burned. This leaves a small window of vulnerability for potential liquidity manipulation.
Top Holder Analysis
The top 10 holders collectively own 27.32% of the total supply (273,127,544.29 tokens).
Why is this significant?
- A high concentration of tokens among a few holders increases the risk of price manipulation.
- Large holders could dump tokens on the market, causing a sudden drop in value.
While 27.32% isn’t excessively high, it’s something to keep an eye on.
Key Concerns
While MAX BIDDING HORNY DEGENS shines in many areas, a few concerns are worth noting:
- Unburned LP on Pump.fun: The Pump.fun pool has no burned LP tokens, which could pose risks. This makes it easier for the developers to withdraw liquidity if they choose to.
- High Concentration Among Top Holders: With over 27% of tokens held by just 10 wallets, price manipulation could become an issue.
- Limited Social Media Presence: The project’s social media engagement is minimal. This could make it harder for the token to build trust and attract new investors.
Safety Score
Let’s summarize the key factors:
Final Score: 8.2/10
Risk Level: Low Risk
Exercise some caution if you interact with this token.
Should You Invest in MAX BIDDING HORNY DEGENS?
The project has many strengths:
- A secure contract with no minting capability.
- Burned liquidity on Raydium, ensuring safety for investors.
- Immutable metadata and revoked freeze authority.
But, it also has some risks:
- A portion of liquidity remains unburned on Pump.fun.
- The high concentration among top holders could lead to volatility.
If you’re a risk-tolerant investor, this token may be worth exploring. However, proceed cautiously, especially if you plan to interact with the Pump.fun pool.
MAX BIDDING HORNY DEGENS combines solid security practices with some areas for improvement. While it’s not a risk-free investment, its strong points outweigh the concerns for now. And if you are looking for a full detailed report of this token contact us here.
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Disclaimer: The information found on Blockospot is for educational purposes only. It does not represent the opinions of Blockospot on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.