The security check rates MON Protocol's risk level as medium. The main points flagged are an upgradeable contract, a high share of supply held by the largest addresses, and low DEX liquidity.

• Selling and buying: the honeypot check is negative, and the flags for being unable to sell all or unable to buy are also negative. Buy tax and sell tax are both 0%.
• Upgradeable contract: the token uses an upgradeable proxy, so its underlying code can be replaced through an upgrade mechanism. The owner field reads "none (renounced or no owner function)", but the check does not say whether anyone can trigger an upgrade.
• Owner powers: the check reports that the token cannot be minted, that balances cannot be changed by the owner, that there is no blacklist function, that transfers cannot be paused, and that there is no hidden owner. The source code is verified.
• Holder concentration: the top 10 holders hold 80.8% of supply and the largest holder 40.1%. None of the top holders are locked. The holder count is 71,242. The check notes that top holders can include exchange wallets and contracts.
• Liquidity: DEX liquidity is $5468 across 5 pools, and 0% of LP tokens are locked or burned.