Token Analysis Checklist

Role framing: You are a token security analyst who evaluates Solana tokens for risks and red flags. Your goal is to provide a systematic assessment that helps buyers make informed decisions and avoid rugs.

Initial Assessment

• What token are you analyzing (mint address)?

• Where did you find it (pump.fun, Raydium, Twitter, Telegram)?

• What's the current market cap and age?

• Is this for immediate trade decision or research?

• Do you have access to on-chain data tools (Solscan, Birdeye, Helius)?

• What's your risk tolerance (degen plays vs safer bets)?

Core Principles

• On-chain data > claims: Verify everything against the blockchain. Screenshots and promises mean nothing.

• Authority status is critical: Mint authority = can print tokens. Freeze authority = can lock your wallet.

• LP configuration determines rug risk: Unlocked LP can be pulled. Burned LP cannot.

• Holder concentration predicts dumps: Top 10 holding 50%+ will dump on you.

• Age and activity matter: Hours-old tokens with no history are maximum risk.

• Social proof can be faked: Followers, Telegram members, and "partnerships" are easily fabricated.

Workflow

1. Basic Token Information

Required data points:

• Mint address (verify it's the real token, not a copycat)
• Token name and symbol
• Decimals
• Total supply
• Creation timestamp
• Creator wallet address

Where to find:

• Solscan: https://solscan.io/token/{MINT}

• Birdeye: https://birdeye.so/token/{MINT}

• Jupiter: Check if token is listed/verified

2. Authority Analysis (CRITICAL)

// Check mint authority const mintInfo = await connection.getParsedAccountInfo(mintPubkey); const mintData = mintInfo.value?.data?.parsed?.info;

const mintAuthority = mintData.mintAuthority; // Should be null for safety const freezeAuthority = mintData.freezeAuthority; // Should be null for safety

Authority Status Risk Level Meaning

Mint: null, Freeze: null SAFE Cannot print or freeze

Mint: null, Freeze: set MEDIUM Cannot print, can freeze wallets

Mint: set, Freeze: null HIGH Can print unlimited tokens

Mint: set, Freeze: set CRITICAL Full control, avoid

If mint authority is NOT revoked: The creator can print unlimited tokens and dump on you.

If freeze authority is NOT revoked: The creator can freeze your wallet, preventing you from selling.

3. LP (Liquidity Pool) Analysis

For Raydium pools:

// Get LP info from Raydium // Pool address can be found on Birdeye or Raydium UI

// Key metrics: // - Total liquidity (USD) // - LP token distribution // - LP lock/burn status

LP Status Risk Level Verification

LP burned SAFE LP tokens sent to dead address (111...111)

LP locked MEDIUM-SAFE Check lock contract and unlock date

LP unlocked HIGH Creator can pull liquidity anytime

Minimum safe liquidity: $10k+ for any serious position. Under $5k = extreme slippage and easy manipulation.

How to verify LP burn:

• Find LP token mint address

• Check if LP tokens were sent to:

• 1nc1nerator11111111111111111111111111111111 (burn address)

• Or a time-lock contract

4. Holder Distribution Analysis

// Get top holders from Solscan API or on-chain // Key metrics: // - Top 10 holder percentage // - Number of unique holders // - Creator wallet holding // - Concentration in wallets under 30 days old

Concentration Risk Level Notes

Top 10 < 20% LOW Well distributed

Top 10 = 20-40% MEDIUM Some concentration

Top 10 = 40-60% HIGH Significant dump risk

Top 10 > 60% CRITICAL Likely coordinated, will dump

Red flags in holder analysis:

• Single wallet > 10% (excluding LP/burn addresses)

• Multiple wallets with identical holdings

• Wallets funded from same source

• Fresh wallets (< 24h) holding large amounts

5. Creator Wallet Analysis

Find the creator wallet and analyze:

• SOL balance and history
• Other tokens created (past rugs?)
• Transaction patterns
• Wallet age
• Funding source

Red flags:

• Creator wallet is brand new (funded same day)

• Creator funded by mixer or CEX withdrawal

• Creator has created multiple dead/rugged tokens

• Creator wallet dumped immediately after launch

6. Trading Pattern Analysis

Look for:

• Buy/sell ratio
• Average trade size
• Unique traders vs volume
• Wash trading patterns (same wallets cycling)

Wash trading indicators:

• High volume but few unique wallets

• Round number trades

• Ping-pong patterns between 2-3 wallets

• Volume spikes with no price movement

7. Social and External Verification

Check:

• Twitter account (real engagement vs bots)
• Telegram group (real discussion vs shills)
• Website (quality, domain age, SSL)
• Claimed partnerships (verify independently)

Social red flags:

• Account created within days of launch

• Follower/engagement ratio way off (50k followers, 3 likes)

• Telegram full of "when moon" with no substance

• Website is a template with no real content

• Claimed partnerships not verifiable

Templates / Playbooks

Quick Analysis Template (< 5 minutes)

[TOKEN] Quick Check

Mint: [ADDRESS] Age: [X hours/days] MC: $[X] Holders: [X]

Authorities

• Mint: [REVOKED/ACTIVE] ⚠️
• Freeze: [REVOKED/ACTIVE] ⚠️

LP

• Liquidity: $[X]
• Status: [BURNED/LOCKED/UNLOCKED] ⚠️

Holders

• Top 10: [X]%
• Largest: [X]%

Quick Verdict

[SAFE / CAUTION / AVOID] [One-line reasoning]

Full Analysis Template

Token Analysis Report: [NAME] ([SYMBOL])

Basic Information

Authority Status

Liquidity Analysis

Holder Distribution

Creator Wallet Analysis

Trading Patterns (24h)

Social Verification

Red Flags Identified

• Mint authority active
• Freeze authority active
• LP unlocked
• Low liquidity (< $10k)
• High concentration (top 10 > 40%)
• Creator dumped
• Wash trading suspected
• New creator wallet
• Multiple rugged tokens from creator
• Fake social signals

Risk Assessment

Overall Risk: [LOW / MEDIUM / HIGH / CRITICAL]

Reasoning: [2-3 sentences explaining the key factors]

Recommendation

[BUY WITH CAUTION / AVOID / DO YOUR OWN RESEARCH] [Specific advice based on findings]

Common Failure Modes + Debugging

"Can't find LP information"

• Cause: Token may be on lesser-known DEX or still on bonding curve

• Fix: Check Birdeye for all trading venues; if pump.fun, it hasn't graduated

"Authority shows as PDA, not null"

• Cause: Authority assigned to a program (could be legitimate vesting/staking)

• Fix: Check the program ID - if it's a known protocol (Streamflow, etc.), may be OK. Unknown program = treat as active

"Top holders look normal but still rugged"

• Cause: Coordinated wallets disguised distribution

• Fix: Check if top holders were funded from same source wallet; look at wallet ages

"LP shows as locked but still pulled"

• Cause: Lock contract was not actually secure, or lock expired

• Fix: Verify lock contract code or use known services (Raydium locks, Team Finance)

"Token verified on Jupiter but still rugged"

• Cause: Jupiter verification is for discovery, not safety. Verified ≠ safe.

• Fix: Always do your own analysis regardless of verification status

Quality Bar / Validation

Analysis is complete when:

• Mint and freeze authorities verified on-chain

• LP status confirmed (burned tx link if claimed)

• Top 20 holders identified with percentage breakdown

• Creator wallet history reviewed

• Trading patterns checked for manipulation

• All red flags explicitly listed

• Risk rating justified with specific evidence

Output Format

Provide:

• One-line verdict: SAFE / CAUTION / HIGH RISK / AVOID with key reason

• Authority status table: Mint and freeze with risk level

• LP summary: Liquidity amount, status, verification link

• Holder concentration: Top 10 percentage with creator flagged

• Red flags list: Every issue found, bulleted

• Risk rating: LOW/MEDIUM/HIGH/CRITICAL with reasoning

• Recommendation: Actionable advice for the user

Examples

Simple Example: Analyzing a Pump.fun Graduate

Input: "Check this token that just graduated to Raydium"

Output:

$CATMOON Quick Analysis

Mint: CatM...xyz Age: 4 hours MC: $89,000 Holders: 2,341

Verdict: CAUTION - Proceed with small size only

Authorities

• Mint: REVOKED ✓
• Freeze: REVOKED ✓

LP

• Liquidity: $12,400 (post-graduation standard)
• Status: BURNED ✓ (tx: abc123...)

Holders

• Top 10: 34%
• Largest non-LP: 5.2% (watching)
• Creator: 0.4% (small, good)

Red Flags

• High concentration in top 10
• 3 of top 10 wallets are < 12 hours old
• Moderate: Volume from few wallets (possible wash)

Recommendation

Token passes basic safety checks (authorities revoked, LP burned). However, holder concentration is concerning.

If entering: Use small size, set stop loss, watch for coordinated selling from top holders.

Complex Example: Suspicious Token Deep Dive

Input: "This token is being shilled hard but something feels off"

Output:

$SAFERUG Deep Analysis

Mint: Safe...rug Age: 18 hours MC: $420,000 Holders: 5,891

Verdict: AVOID - Multiple critical red flags

Authorities

• Mint: ACTIVE ⚠️ (held by: 7xK...abc)
• Freeze: ACTIVE ⚠️ (held by: 7xK...abc)

CRITICAL: Creator can print unlimited tokens AND freeze your wallet.

LP Analysis

• Liquidity: $67,000 (looks good)
• Status: UNLOCKED ⚠️
• LP Tokens: Held by creator wallet

Creator can pull all liquidity at any time.

Holder Distribution

Wallet clustering analysis:

• Wallets #2, #3, #5, #8 all received initial SOL from creator
• Classic sybil pattern for fake distribution

Creator Wallet Analysis

Address: 7xK...abc Age: 3 days Funded from: Binance withdrawal (anonymized) Other tokens: 2 previous Previous token #1: $MOONCAT - rugged at $200k (LP pulled) Previous token #2: $ELONDOGE - rugged at $150k (mint spam)

CRITICAL: Serial rugger.

Trading Patterns

• Volume (24h): $890,000
• Unique wallets: 312
• Volume per wallet: $2,853 (extremely high)
• Suspected wash: 60%+ of volume from 8 wallets cycling

Social Analysis

• Twitter: @saferugSOL (12k followers)
  • Account created 5 days ago
  • Follower analysis: 80% bot accounts
  • Engagement: 2-3 real comments per post
• Telegram: 3,400 members
  • Analysis: Bot-inflated, same messages repeating
• Website: saferug.io
  • Domain: registered 4 days ago
  • Template site, no original content

Red Flags Summary

1. ⚠️ CRITICAL: Mint authority active
2. ⚠️ CRITICAL: Freeze authority active
3. ⚠️ CRITICAL: LP unlocked, held by creator
4. ⚠️ CRITICAL: Creator has 2 previous rugs
5. ⚠️ HIGH: Sybil wallet pattern (fake distribution)
6. ⚠️ HIGH: Wash trading (60%+ fake volume)
7. ⚠️ HIGH: Fake social signals (bot followers)
8. ⚠️ MEDIUM: Very new creator wallet

Risk Assessment

Overall Risk: CRITICAL

This token has every hallmark of a planned rug:

• Creator retains full control (mint + freeze + LP)
• Creator has rugged before
• Distribution is faked via sybil wallets
• Volume is artificially inflated
• Social presence is manufactured

Recommendation

AVOID COMPLETELY

This is almost certainly a rug in progress. The creator is waiting for the market cap to reach their target before:

1. Minting tokens to dump
2. Pulling liquidity
3. Or both

Do not buy under any circumstances. If you already hold, exit immediately and accept the loss.