| Risk factor | Finding | Evidence | Date |
|---|---|---|---|
| Sellable | Yes | Transfer simulation | 7 Oct 2026 |
| Buy tax | No data | Contract | 7 Oct 2026 |
| Sell tax | No data | Contract | 7 Oct 2026 |
| Admin mint | Enabled | Contract | 7 Oct 2026 |
| Transfers pausable | Not present | Contract | 7 Oct 2026 |
| Address blacklist | Not present | Contract | 7 Oct 2026 |
| Upgradeable proxy | No | Contract | 7 Oct 2026 |
| Source verified | Yes | Block explorer | 7 Oct 2026 |
| Top-10 holders | 81.9% | Holder distribution | 7 Oct 2026 |
| Liquidity locked | No | LP holders | 7 Oct 2026 |
| Holders | 297738 | Token contract | 7 Oct 2026 |
| Deployed by | 0x5f799f…6f0cf8 |
| Current owner | 0x0a2962…a2d1c0 |
| Holders | 297,738 |
| Rank | Address | Share |
|---|---|---|
| #1 · contract | 0x908c4d…c59dd4 | 54.25% |
| #2 · contract | 0x02984c…89f86b | 6.49% |
| #3 | 0xf97781…41acec | 5.25% |
| #4 · contract | 0x6e65fd…255f93 | 4.54% |
| #5 · UniswapV3 · contract | 0x80a9ae…42158e | 2.53% |
This automated check scanned the GMX contract on Arbitrum and found several mechanics worth understanding before deciding anything. The contract includes an admin mint function, which means whoever controls the owner privileges can create new tokens at will — this can dilute existing holders' share of supply without their consent. The check also found that the owner can change balances directly, a function that, depending on how it is used, could allow tokens to be moved, adjusted, or seized from holder addresses rather than through normal transfers. On the positive side, no transfer pausing or address blacklisting functions were detected on the date of this check, meaning the contract does not currently appear to contain code that would let the owner freeze trading or block specific wallets. The contract is also not upgradeable via proxy, so the underlying logic cannot be silently swapped out later. Top-10 wallets hold 81.8% of supply, a concentration level that means large holders could move significant amounts of tokens, which may affect price independent of demand from smaller buyers. Liquidity is not locked, meaning whoever controls the liquidity pool retains the ability to withdraw it. The source code is verified on the block explorer, which allows this kind of automated review to take place at all.
It's important to be clear about what this check does not cover. This is a mechanical read of the contract's code and on-chain data only — it does not assess who the team behind GMX is, their track record, the token's economic design, any legal or regulatory structure, or their intentions. A contract can show no risky functions and still be tied to a project with weak fundamentals, and conversely, functions like mint or balance-editing may exist for legitimate operational reasons (such as reward distribution or migrations) that aren't distinguishable from misuse by code alone. No human has reviewed this specific result; it was generated automatically from on-chain data at the time of the check.
Before putting any money in, it's worth looking into who holds the admin keys and whether they sit behind a multisig or timelock, which reduces the chance of a single party acting unilaterally. Check whether the project has a public audit history and whether admin actions (like past mints) are visible and explained on-chain. Look at where the top holders' tokens come from — exchanges, treasury, or team wallets — since that context changes what concentration means. Finally, check liquidity pool ownership directly on the relevant DEX to see who could withdraw it, and treat on-chain findings as one input alongside independent research into the team, documentation, and community track record.
Contracts change after they are checked. Tell us where to reach you and we will say when this one does. Free for three contracts, no account.
We checked 18 points out of 100.
The other 82 are where money is usually lost: who the team is, where the tokens sit, what the documents actually say, and what the project chose not to put on its front page.