← Project CheckUSDe $USDe — Project Check
Is USDe legit or a rug? Here's an on-chain read of USDe ($USDe) on ethereum — its liquidity, holder concentration, contract control, and whether its X account matches the official account on its CoinGecko listing. Community health isn't scored here; run the live check for that.
ethereum · 0x4c9edd58…1e68b3
High on-chain risk — significant red flags for a KOL considering this project.
Grounding✓ @ethena_labs verifiedStablecoinsCoinGecko #27
Flags
- Top 10 wallets hold 96% of supply — concentrated; a few holders could sell into your audience.
- Valuation ($4392.8M) is only 0.5% backed by tradable liquidity.
- Owner is not renounced and the contract appears to include a mint function — supply could be inflated on holders.
100
Verified contract
Address is a deployed on-chain contract.
96
Official account verified
X account @ethena_labs matches the official account on this token's CoinGecko listing.
100
Liquidity depth
Total liquidity is $23.6M.
23
Liquidity vs. valuation
Valuation ($4392.8M) is only 0.5% backed by tradable liquidity.
82
Market activity
24h volume is $47.3M (2.00x liquidity).
33
Contract control
Owner is not renounced and the contract appears to include a mint function — supply could be inflated on holders.
95
Sellability
No honeypot flag — token appears sellable.
55
Liquidity lock
0% of LP tokens are burned or locked; remainder not verified.
95
Market age
Oldest market is 957 days old.
96
Supply overhang (unlock risk)
Supply is essentially fully circulating — little unlock overhang.
10
Holder concentration
Top 10 wallets hold 96% of supply — concentrated; a few holders could sell into your audience.
89
Holder base
47,140 holders.
90
Market presence
20 liquidity pools across DEXes.
94
Listing recognition
Listed on CoinGecko at market-cap rank #27.
USDe — frequently asked
Is USDe a honeypot? Can you sell it?
No honeypot flag — token appears sellable.
Does USDe have enough liquidity?
Total liquidity is $23.6M.
Is USDe's supply concentrated in a few wallets?
Top 10 wallets hold 96% of supply — concentrated; a few holders could sell into your audience.
Can USDe's contract be changed or its supply minted?
Owner is not renounced and the contract appears to include a mint function — supply could be inflated on holders.
Is USDe's liquidity locked?
0% of LP tokens are burned or locked; remainder not verified.
Is USDe's X account the verified official one?
X account @ethena_labs matches the official account on this token's CoinGecko listing.
Taking a deal with USDe?
Run the live check to add the community-health read — real vs manufactured engagement, and whether vetted creators actually engage — before you put your name on it.
Run the live check →On-chain and CoinGecko signals, cited — not financial advice. Always DYOR.