The automated check of MON Protocol on Ethereum rates it medium, for three reasons: the contract is upgradeable, holdings are concentrated among a few addresses, and DEX liquidity is low. Several core tests, including honeypot and tax checks, did not flag problems.

• Selling and trading: the check did not flag a honeypot, and it found no limits on selling all tokens or on buying. The buy tax and sell tax are both 0%.
• Owner powers: the check reports no owner (renounced or no owner function), and it did not find minting, pausing, blacklisting, self-destruct, hidden ownership or the ability to change balances.
• Upgradeable contract: the token uses an upgradeable proxy, which means its underlying code can be replaced. This is one of the three medium-level reasons. The check data does not say who, if anyone, can trigger an upgrade.
• Holder concentration: the top 10 holders hold 80.9%, and the largest single holder holds 40.1%. The check counts 71,241 holders. Burned and locked addresses are excluded, and the top holders can include exchange wallets and contracts.
• Liquidity: there are 5 DEX pools with $5175 in total liquidity, and 0% of LP tokens are locked or burned. The market data shows a market cap of $7.92M and 24-hour volume of $3.44M. The source code is verified.