State Street SPDR S&P 500 ETF Trust - Backpack Securities (SPY) rug check
Automated rug-pull risk check for the Solana token SPY, based on public on-chain and market data.
Mint address: SPYBo66VJPFjh1pXMb9Le53kDYWTK1zzYVDeVRWtsbi · Solscan
Context: many established tokens, such as regulated stablecoins, tokenized stocks and wrapped or staked assets, keep a mint or freeze authority (or Token-2022 controls) by design, so the issuer stays in control. The score measures that technical control, not the issuer's intent: it is a risk to understand, not proof of a scam.
Check tokens without leaving Telegram: Open SPY in @rugsight_bot →
Key checks
- ✕Mint authorityActive: the issuer can create new tokens at any time, which can dilute holders. Held by an account owned by program FewR…tbVH, so on-chain code controls it rather than a single key.
- ✕Freeze authorityActive: the issuer can freeze token accounts, which would stop a holder from selling or moving them. Held by an account owned by program FewR…tbVH, so on-chain code controls it rather than a single key.
- ✕Token-2022 extensionsToken-2022 permanent delegate: one address can move or burn tokens from any wallet. Transfers can be paused by an authority.
- !Holder concentrationHigh: the top 10 wallets hold more than half of the supply.
- !LiquidityModerate liquidity.
- ✕Trading ageTrading started less than 24 hours ago.
6 of 6 checks need attention. Higher score = lower risk. Scores refresh about every 12 hours. How the checks work.
Is SPY a rug pull?
Nobody can know intent from on-chain data, so Rugsight does not label any token a rug pull. Its automated check gives SPY 0/100 (grade F): Extreme risk: strong rug-pull indicators. Mint authority is active, so new tokens can still be created. Freeze authority is active, so holder accounts can be frozen. A Token-2022 permanent delegate can move or burn tokens from any wallet.
Who holds SPY, and how much liquidity does it have?
The 10 largest real wallets (excluding pools, programs and burn addresses) hold 78% of the supply, and the largest single wallet holds 37.4%. Liquidity across pools is $50k-$250k.
Can the SPY supply be changed or my tokens frozen?
Mint authority is active, so new tokens can still be created. Freeze authority is active, so holder accounts can be frozen. A Token-2022 permanent delegate can move or burn tokens from any wallet.
How is this score calculated?
Rugsight starts at 100 and subtracts points for active mint or freeze authority, risky Token-2022 extensions, concentration in real wallets, thin liquidity and a very new pool. 85+ is A, 70+ B, 50+ C, 30+ D, below that F. The check is automated, can be wrong or incomplete, and is not financial advice.
These answers are generated from the automated check above. They describe technical controls and market structure, not anyone's intent, and are not an accusation.
Full report
The free score above is a summary. The full report adds the exact numbers behind it:
Pay from a browser wallet (Phantom, Solflare, Backpack, Jupiter), scan a Solana Pay QR code, or send the exact amount from any wallet or exchange. No account, no sign-up; the report opens as soon as the payment confirms.
For developers and AI agents: free score at /api/score/SPYB…tsbi, full JSON report at /api/v1/report/SPYB…tsbi for 0.03 USDC per call via x402, and a remote MCP server at https://rugsight.rugsight.workers.dev/mcp. See the OpenAPI spec.
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