SK Hynix - Backpack Securities (SKHY)

Summary

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

• More tokens can be printed
• Wallets can be frozen
• Permanent delegate
• Transfers can be paused
• Likely fake volume

• Deep liquidity ($1.12M)
• 8 different wallets sold in 24h: selling works
• Well spread: top 10 wallets hold 13%
• No big bundle among the top holders

Not checked: Whether the liquidity is locked · When the token launched

Every check

• More tokens can be printed. Mint authority Bv1C…jkYD is still active, so the supply can be increased at any time.
• Wallets can be frozen. Freeze authority 2cVY…af4a can freeze your tokens so you can't sell.
• Permanent delegate. 2cVY…af4a can move or burn tokens out of any wallet, including yours.
• Transfers can be paused. 2cVY…af4a can pause all transfers.
• Liquidity lock not checked. We can't read the lock status of this pool type yet.
• Likely fake volume. 68% of the trades we read come from 2 wallets buying and selling repeatedly. Volume may look bigger than real demand.

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.
• Permanent delegate: Revoke the permanent delegate if possible. If it was fixed at creation, only a new token would clear it.
• Transfers can be paused: Remove or renounce the switch that can pause trading.
• Likely fake volume: Stop bots or team wallets trading with themselves. Fake volume is detected and stays flagged.