Solana Token Safety Checklist — What to Check Before You Buy

Lost money to a rug pull? Here's the exact checklist I run on every token before buying. The 5-Point Safety Check 1. Mint Authority Check: Can the creator make more tokens? Red flag: Mint authority is NOT null Impact: Infinite dilution — your tokens become worthless 2. Freeze Authority Check: Can the creator freeze your wallet? Red flag: Freeze authority is NOT null Impact: You literally can't sell 3. Top Holders Check: Does one wallet hold >30% of supply? Red flag: High concentration (excluding LP wallets) Impact: One wallet dumps = price crashes 4. Liquidity Check: Is LP >10% of market cap? Red flag: Low liquidity relative to cap Impact: Can't exit without massive slippage 5. Metadata Check: Can token name/image be changed? Red flag: Mutable metadata Impact: Token can impersonate another project How to Check Manual: Solscan.io → paste token address → check account info Automated: /scan <address> in @solscanitbot — runs all 5 checks instantly, free Build your own: Token scanner script