Pickaxe Empire (PXE)

Analysis

PXE is dangerous (18/100). The main concern: the team still has control over the token: admin can mint new tokens. Those powers can change the rules after you buy. On the plus side, 14 different wallets sold in the last 24 hours, so selling works in practice. This reading comes only from on-chain facts and lowers the risk; it never removes it.

• ⚠ The team still has control over the token: admin can mint new tokens. Those powers can change the rules after you buy.
• ⚠ Liquidity is thin ($7.8K), so the price can swing hard on a few trades.
• ⚠ A few of the biggest holders could crash the price by selling: exit risk is high.
• ⚠ Ownership is concentrated: the 10 biggest wallets hold 100% of the supply (pools and burns not counted).
• ✓ 14 different wallets sold in the last 24 hours, so selling works in practice.
• ✓ It is 18 days old, still young.

Summary

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

• Admin can mint new tokens
• Top 10 wallets hold 100% of the supply
• Has an admin
• Custom jetton wallet code
• No sell test on TON yet

• 14 different wallets sold in 24h: selling works

Not checked: The sell test has not run yet · Source code is not checked

Every check

• Has an admin. EQBJWV…yQwM is the jetton admin and can change its settings.
• Admin can mint new tokens. The admin can create more tokens at any time, which would dilute holders.
• Custom jetton wallet code. Holders’ wallets use non-standard code. Big projects do this too, but custom code can restrict transfers, and DexGrade can’t read it yet.
• No sell test on TON yet. DexGrade can't simulate a sale on TON 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

• Admin 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.
• Top 10 wallets hold 100% of the supply: Spread the supply: avoid big single wallets, and lock team tokens in vesting.
• Has an admin: Renounce ownership, or move it to a multisig with a public timelock if the team still needs it.
• Low liquidity ($7.8K): 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.