Edel (EDEL)

Summary

Some warning signs. Read them before you buy.

• More tokens can be printed
• Name and logo can change
• One-sided pool
• Top 10 wallets hold 40%
• One wallet holds 28%

• No freeze
• 4 different wallets sold in 24h: selling works

Not checked: Whether the liquidity is locked · When the token launched · Our data is 16 hours old

Every check

• More tokens can be printed. Mint authority 2zw5…N9ra is still active, so the supply can be increased at any time.
• No freeze. Freeze authority is revoked: no one can lock your tokens.
• Name and logo can change. 872c…Y8hW can still change the token name, symbol and logo.
• Liquidity lock not checked. We can't read the lock status of this pool type yet.
• One-sided pool. The pool has $7.6K of real money against $279.0K of tokens at this price. You could not sell anywhere near this value.

How it can improve

• More tokens can be printed: Revoke the mint authority so nobody can print more tokens. On Solana: spl-token authorize <MINT> mint --disable. On EVM chains, renounce the role that can mint.
• Name and logo can change: Make the name and logo permanent by removing the metadata update authority.
• One-sided pool: Add real money (SOL, ETH or a stablecoin) to the pool, so the price is backed by something people can sell into.
• Top 10 wallets hold 40%: 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.