Injective Protocol (INJ)

Analysis

INJ needs caution (69/100). The main concern: the team still has control over the token: upgradeable contract. Those powers can change the rules after you buy. On the plus side, the pools hold $470.5K, which is deep enough for normal trades. This reading comes only from on-chain facts and lowers the risk; it never removes it.

• ⚠ The team still has control over the token: upgradeable contract. Those powers can change the rules after you buy.
• ⚠ Only 0% of liquidity locked: Most pool tokens are not burned or locked, so the liquidity can be pulled.
• ✓ The pools hold $470.5K, which is deep enough for normal trades.
• ✓ Ownership is spread out: the 10 biggest wallets hold 7.8%.
• ✓ It has traded for 5.3 years.
• • About $2.8K can be sold before the price drops 5%.

Summary

Some warning signs. Read them before you buy.

• Only 0% of liquidity locked
• Upgradeable contract (long-running token with deep liquidity)

• No owner
• No owner powers found
• Deep liquidity ($470.5K)
• Well spread: top 10 wallets hold 7.8%

Not checked: The sell test has not run yet · Source code is not checked · When the token launched · Our data is 16 hours old

Every check

• Upgradeable contract. This is a proxy: the team can swap the token code for anything, including a honeypot.
• No owner. The contract has no owner function.
• 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.
• 11 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.

Progress

2026-11-09: danger 39 → 2026-11-11: caution 69

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.