Turtle (TURTLE)

Summary

Some warning signs. Read them before you buy.

• Upgradeable contract (long-running token with deep liquidity)
• Has an owner
• Top 10 wallets hold 31%
• One wallet holds 28%
• Hard to exit: a few sells would crash the price

• No owner powers found
• Sell test passed
• Source code verified
• Deep liquidity ($2.39M)

Not checked: Whether the liquidity is locked · No trades seen in the last 24 hours · Our data is 64 hours old

Every check

• Upgradeable contract. This is a proxy: the team can swap the token code for anything, including a honeypot.
• Has an owner. 0x2e03…25b2 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.
• Sell test passed. Simulated 5 real holders sending tokens into the pool: all went through.
• Source code verified. The contract code is published and matches what is deployed (Sourcify).

How it can improve

• Upgradeable contract: Remove the ability to upgrade the contract (renounce the proxy admin), or put upgrades behind a public timelock.
• Has an owner: Renounce ownership, or move it to a multisig with a public timelock if the team still needs it.
• Top 10 wallets hold 31%: 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.