MERL (MERL)

Summary

Some warning signs. Read them before you buy.

• 6 bundled wallets hold 18%
• Upgradeable contract (long-running token with deep liquidity)
• Has an owner
• One wallet holds 17%

• No owner powers found
• Source code verified
• Deep liquidity ($2.03M)
• 22 different wallets sold in 24h: selling works

Not checked: The sell test has not run yet · Whether the liquidity is locked

Every check

• Upgradeable contract. This is a proxy: the team can swap the token code for anything, including a honeypot.
• Has an owner. 0x2118…fbb3 controls the owner-only functions below.
• No owner powers found. No mint, blacklist, tax or pause functions in the contract code.
• Liquidity in v3/v4 positions. This pool uses Uniswap position NFTs; lock status cannot be read like a v2 pool.
• Source code verified. The contract code is published and matches what is deployed (Sourcify).

Progress

2026-11-10: caution 69 → 2026-11-10: caution 60

How it can improve

• Upgradeable contract: Remove the ability to upgrade the contract (renounce the proxy admin), or put upgrades behind a public timelock.
• 6 bundled wallets hold 18%: Do not launch with bundled wallets. If they are team wallets, label and lock them.
• Has an owner: Renounce ownership, or move it to a multisig with a public timelock if the team still needs it.
• One wallet holds 17%: Spread the supply: avoid big single wallets, and lock team tokens in vesting.