OKX Wrapped BTC (xBTC)

Analysis

xBTC needs caution (69/100). The main concern: the team still has control over the token: can mint new tokens, issuer can freeze wallets. Those powers can change the rules after you buy. On the plus side, the pools hold $316.7K, 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: can mint new tokens, issuer can freeze wallets. Those powers can change the rules after you buy.
• ✓ The pools hold $316.7K, which is deep enough for normal trades.
• ✓ About $2.7K can be sold before the price drops 5%.
• ✓ It has traded for 1.5 years.

Summary

Some warning signs. Read them before you buy.

• Can mint new tokens (long-running token with deep liquidity)
• Issuer can freeze wallets (long-running token with deep liquidity)
• No sell test on Sui yet

• Deep liquidity ($316.7K)

Not checked: Top holders are not read yet · The sell test has not run yet · Source code is not checked · No trades seen in the last 24 hours

Every check

• Can mint new tokens. The wallet 0x87016c… holds the minting key and can create more of this coin at any time.
• Issuer can freeze wallets. This is a regulated coin: whoever holds its DenyCap can block wallets from moving it, which would stop them selling.
• No sell test on Sui yet. DexGrade can't simulate a sale on Sui yet, so this grade uses fewer checks than on Ethereum or Solana. Real sells by different wallets are counted instead.
• 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

• Can mint new tokens: 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.
• Issuer can freeze wallets: Revoke the freeze authority so no wallet can be frozen. On Solana: spl-token authorize <MINT> freeze --disable.