EQX Tokenized SPCX (EQSPCX)

Analysis

EQSPCX is dangerous (39/100). 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 $55.6K, 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.
• ✓ The pools hold $55.6K, which is deep enough for normal trades.
• ✓ About $4.0K can be sold before the price drops 5%.
• ✓ Ownership is spread out: the 10 biggest wallets hold 0.0%.
• ✓ It is 15 days old, still young.

Summary

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

• Upgradeable contract

• No owner
• No owner powers found
• Deep liquidity ($55.6K)
• Well spread: top 10 wallets hold 0.0%

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

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.
• Liquidity in v3/v4 positions. This pool uses Uniswap position NFTs; lock status cannot be read like a v2 pool.
• 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.

How it can improve

• Upgradeable contract: Remove the ability to upgrade the contract (renounce the proxy admin), or put upgrades behind a public timelock.