Derive (DRV)

Summary

Some warning signs. Read them before you buy.

• Upgradeable contract (long-running token with deep liquidity)
• Has an owner
• Top 10 wallets hold 34%
• One wallet holds 21%
• Hard to exit: a few sells would crash the price

• No owner powers found
• Sell test passed
• Source code verified
• Deep liquidity ($1.10M)

Not checked: Whether the liquidity is locked · No trades seen in the last 24 hours · Our data is 31 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. 0x62c0…90f7 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).
• 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

2026-11-08: caution 64 → 2026-11-09: caution 69 → 2026-11-09: caution 64

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 34%: 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.