Hydrex (HYDX)

Analysis

HYDX is dangerous (10/100). The main concern: the team still has control over the token: can mint new tokens. Those powers can change the rules after you buy. On the plus side, it has traded for 1.2 years. This reading comes only from on-chain facts and lowers the risk; it never removes it.

• ⚠ The team still has control over the token: can mint new tokens. Those powers can change the rules after you buy.
• ⚠ Liquidity is thin ($5.0K), so the price can swing hard on a few trades.
• ⚠ Only 0% of liquidity locked: Most pool tokens are not burned or locked, so the liquidity can be pulled.
• ⚠ A few of the biggest holders could crash the price by selling: exit risk is high.
• ⚠ Ownership is concentrated: the 10 biggest wallets hold 63% of the supply (pools and burns not counted).
• ✓ It has traded for 1.2 years.

Summary

Serious warning signs. Most buyers of tokens like this lose money.

• Can mint new tokens
• Only 0% of liquidity locked
• Top 10 wallets hold 63% of the supply
• Has an owner
• Low liquidity ($5.0K)

• Code cannot change

Not checked: The sell test has not run yet · Source code is not checked · When the token launched · No trades seen in the last 24 hours

Every check

• Code cannot change. Not an upgradeable proxy: the token code is fixed.
• Has an owner. 0xa7d6…003e controls the owner-only functions below.
• Can mint new tokens. The contract has a mint function: the owner can print more supply.
• Only 0% of liquidity locked. Most pool tokens are not burned or locked, so the liquidity can be pulled.

Progress

2026-11-10: danger 36 → 2026-11-10: danger 10

How it can improve

• Can mint new tokens: Revoke the mint authority so nobody can print more tokens. On Solana: spl-token authorize <MINT> mint --disable. On EVM chains, renounce the role that can mint.
• Only 0% of liquidity locked: Lock the pool tokens with a well-known locker, or burn them. Graduating from pump.fun burns them for you.
• Top 10 wallets hold 63% of the supply: Spread the supply: avoid big single wallets, and lock team tokens in vesting.
• Has an owner: Renounce ownership, or move it to a multisig with a public timelock if the team still needs it.
• Low liquidity ($5.0K): Add liquidity. $10K clears the low-liquidity warning, and $50K or more counts as deep.
• Hard to exit: a few sells would crash the price: Add liquidity and spread the supply, so a few sells can not crash the price.