Backpack (BP)

Summary

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

• More tokens can be printed
• Wallets can be frozen
• Name and logo can change

• Deep liquidity ($5.40M)
• Well spread: top 10 wallets hold 0.9%

Not checked: Whether the liquidity is locked · When the token launched · No trades seen in the last 24 hours · Our data is 17 hours old

Every check

• More tokens can be printed. Mint authority GySF…MHVH is still active, so the supply can be increased at any time.
• Wallets can be frozen. Freeze authority GySF…MHVH can freeze your tokens so you can't sell.
• Name and logo can change. GySF…MHVH 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.
• 11 tokens use this ticker. Many tokens share this name. Always check the address before you buy.

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.
• Wallets can be frozen: Revoke the freeze authority so no wallet can be frozen. On Solana: spl-token authorize <MINT> freeze --disable.
• Name and logo can change: Make the name and logo permanent by removing the metadata update authority.