Pisscoin is making waves on the Solana blockchain, drawing attention with its intriguing name and recent activity. But is it a solid investment or a risky gamble?
Let’s break it down step by step, in plain language, to help you decide.
The Basics: What Is Pisscoin?
Here’s what you need to know about Pisscoin at a glance:
Now that we’ve got the facts, let’s get into the nitty-gritty.
Risk Analysis: Is Pisscoin Safe?
Every token has risks. Here’s what we found when analyzing Pisscoin:
1. Open Source Code
✅ Yes, Pisscoin’s code is open source.
Open-source tokens allow transparency. Developers can’t hide malicious code.
2. Minting Capability
✅ No minting capability detected.
This means no one can suddenly create more tokens. The supply is fixed, which is reassuring for investors.
3. Metadata Security
✅ Immutable metadata confirmed.
Once metadata is set, it can’t be changed. That’s a green flag for security.
4. Freeze Authority
✅ Freeze authority has been revoked.
This ensures no one can freeze transactions or block users arbitrarily.
5. Liquidity Pool Burn
🔥 100% of the liquidity pool on Raydium is burned.
Burning liquidity pool (LP) tokens reduces rug-pull risks. It means developers can’t pull out the funds and disappear.
However, liquidity on Meteora isn’t burned. That’s worth noting.
6. Top Holder Analysis
⚠️ Top 10 holders own 21.92% of the total supply.
While this isn’t uncommon, it could lead to price manipulation if these holders decide to sell in bulk.
Liquidity Pools: Breaking Down the Numbers
Pisscoin trades on two liquidity pools:
1. Raydium Pool
- Liquidity: $290.26 K
- 24-Hour Volume: $31.25 M
- Create Date: December 21, 2024
- LP Burn: 100%
2. Meteora Pool
- Liquidity: $82.18 K
- 24-Hour Volume: $813.62 K
- Create Date: December 21, 2024
- LP Burn: None
What does this mean?
- The Raydium pool is secure with its LP tokens fully burned.
- The Meteora pool lacks this protection, which poses a potential risk.
Strengths of Pisscoin
1. Strong Security Measures
- Open-source code, immutable metadata, and no minting make this token technically secure.
2. Burned Liquidity
- A 100% LP burn on Raydium is a solid safeguard against rug pulls.
3. Active Trading Volume
- With over $31.25 million in daily volume on Raydium, Pisscoin is actively traded. Liquidity isn’t an issue.
Red Flags to Consider
1. Concentration of Holdings- The top 10 holders own over 21% of the total supply. Large holders can influence price movements.
- Liquidity in the Meteora pool isn’t burned, leaving room for potential manipulation.
Pisscoin Safety Score
Based on our analysis, here’s how Pisscoin rates on the safety scale:
- Open Source: ✅ Secured
- Minting Capability: ✅ Secured
- Metadata Security: ✅ Secured
- Freeze Authority: ✅ Secured
- Liquidity Pool: ⚠️ Mixed (100% burned on Raydium, unburned on Meteora)
- Top Holder Risks: ⚠️ High concentration in a few wallets.
Final Score: 8.2/10
Risk Level: Low Risk
Exercise some caution if you interact with this token.
Should You Invest in Pisscoin?
Pisscoin has strong security fundamentals. It’s open source, and its liquidity on Raydium is fully protected.
However, no token is risk-free. The high concentration of tokens in a few wallets could lead to price volatility. The unburned liquidity on Meteora also deserves attention.
Our advice?
If you’re interested, stick to trading on Raydium. Keep an eye on large holder activity.
Final Thoughts
Pisscoin is a promising project with low risk overall. It combines solid security measures with active trading. But like any investment, it’s essential to do your own research and stay cautious.
What do you think about Pisscoin? Share your insights below 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.