WELL (WELL)

Summary

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

• Upgradeable contract
• Only 0% of liquidity locked
• Has an owner

• No owner powers found
• Deep liquidity ($74.5K)

Not checked: Top holders are not read yet · The sell test has not run yet · Source code is not checked · When the token launched

Every check

• Upgradeable contract. This is a proxy: the team can swap the token code for anything, including a honeypot.
• Has an owner. 0x8b62…7d51 controls the owner-only functions below.
• No owner powers found. No mint, blacklist, tax or pause functions in the contract code.
• Only 0% of liquidity locked. Most pool tokens are not burned or locked, so the liquidity can be pulled.

How it can improve

• Upgradeable contract: Remove the ability to upgrade the contract (renounce the proxy admin), or put upgrades behind a public timelock.
• 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.
• Has an owner: Renounce ownership, or move it to a multisig with a public timelock if the team still needs it.