Wrapped NVIDIA xStock (wNVDAx)

Analysis

wNVDAx is dangerous (30/100). 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 $90.7K, 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.
• ⚠ A few of the biggest holders could crash the price by selling: exit risk is high.
• ⚠ Ownership is concentrated: the 10 biggest wallets hold 89% of the supply (pools and burns not counted).
• ✓ The pools hold $90.7K, which is deep enough for normal trades.
• ✓ It has traded for 92 days.

Summary

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

• Upgradeable contract
• Top 10 wallets hold 89% of the supply
• Has an owner
• One wallet holds 89%
• Hard to exit: a few sells would crash the price

• No owner powers found
• Deep liquidity ($90.7K)

Not checked: The sell test has not run yet · Source code is not checked · When the token launched

Every check

• Upgradeable contract. This is a proxy: the team can swap the token code for anything, including a honeypot.
• Has an owner. 0x4975…3a65 controls the owner-only functions below.
• No owner powers found. No mint, blacklist, tax or pause functions in the contract code.
• 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

2026-11-11: danger 39 → 2026-11-11: danger 30

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 89% of the supply: Spread the supply: avoid big single wallets, and lock team tokens in vesting.
• Has an owner: Renounce ownership, or move it to a multisig with a public timelock if the team still needs it.
• 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.