Relay (RELAY)

Summary

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

• Upgradeable contract
• Top 10 wallets hold 99% of the supply
• One wallet holds 99%
• Hard to exit: a few sells would crash the price

• Ownership renounced
• No owner powers found
• Deep liquidity ($122.7K)

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

• Upgradeable contract. This is a proxy: the team can swap the token code for anything, including a honeypot.
• Ownership renounced. The owner is the zero address: owner-only switches are locked forever.
• No owner powers found. No mint, blacklist, tax or pause functions in the contract code.
• 27 tokens use this ticker. Many tokens share this name. Always check the address before you buy.
• No description or project links. We found no description, website or social links for this token. Not a risk on its own, but it gives buyers less to check.

How it can improve

• Upgradeable contract: Remove the ability to upgrade the contract (renounce the proxy admin), or put upgrades behind a public timelock.
• Top 10 wallets hold 99% of the supply: Spread the supply: avoid big single wallets, and lock team tokens in vesting.
• 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.