Our rules rate Serum (SRM) on Ethereum as high risk. The main reasons are a hidden owner address, the ability to mint new tokens, the ability to pause transfers, a concentrated holder base, and low DEX liquidity. Several other checks came back clear.

• Selling and trading: the check did not flag a honeypot and found no restriction on selling all tokens or on buying. The buy tax and sell tax are both 0%.
• Owner-related settings: the check reports a hidden owner and an owner address that exists. The contract allows minting new tokens and allows transfers to be paused.
• Other owner-related checks came back clear: no blacklist function, no ability to change balances, no upgradeable proxy, no way to take ownership back, and no self-destruct function. The source code is verified.
• Holder concentration: the top 10 holders hold 72.8% and the largest single holder holds 20.3%. There are 17,236 holders. Burn and locked addresses are excluded, and top holders can include exchange wallets and contracts.
• Liquidity: DEX liquidity totals $886 across 8 pools, and 0% of LP tokens are reported as locked or burned. As of 2026-11-04 06:41 UTC, cmc.io shows a market cap of $64.34M and 24-hour volume of $0.