The Wendy's Company - Backpack Securities (WEN)

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
• Low liquidity ($3.4K)

Not checked: Top holders are not read yet · Whether the liquidity is locked · When the token launched · Our data is 10 hours old

Every check

• More tokens can be printed. Mint authority 2R1N…fwg8 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.
• 8 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.
• 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.
• Low liquidity ($3.4K): Add liquidity. $10K clears the low-liquidity warning, and $50K or more counts as deep.
• 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.