The security check rates Marlin (POND) on Ethereum as medium risk, as of 2026-11-03 14:57 UTC. The main reasons are an upgradeable proxy contract, a concentrated holder base, and low DEX liquidity.

• Upgradeable proxy: the contract is set up as an upgradeable proxy, so its underlying code can be replaced. This is one of the three reasons behind the medium rating. The owner field shows none, and the source code is verified.
• Ability to sell and trade: the check did not flag a honeypot, and it did not find limits on selling all tokens or on buying. Buy tax and sell tax are both 0%.
• Owner powers: the check did not find functions to mint new tokens, pause transfers, blacklist addresses, or change holder balances. It also found no hidden owner, no self-destruct function, and no trading cooldown or anti-whale limits.
• Holder concentration: the top 10 holders hold 70.5% of supply, and the largest holder holds 19.1%. Burn and locked addresses are excluded from these figures. The top holders include contracts, which can be exchange wallets. Holder count is 11,869.
• DEX liquidity: liquidity is $88K across 6 pools, and 0% of LP tokens are locked or burned. The check lists this as a reason for the medium rating.