ENA (ENA) Risk Report

The security findings for ENA highlight both strengths and areas of concern.

• The smart contract is verified, which provides a layer of trust and assurance to investors regarding its integrity.
• Ownership status is unknown, which could pose a risk if the ownership is not renounced, leaving room for potential malicious actions.
• The ability to mint new tokens exists, raising concerns about inflation and dilution of existing token holders' value.
• The security score is relatively moderate at 61/100, indicating there are potential vulnerabilities that need to be monitored.

The liquidity analysis for ENA shows a reasonable trading environment but with certain limitations.

• The 24-hour trading volume is approximately $5.39 million, indicating decent liquidity for short-term traders.
• ENA is listed on 6 centralized exchanges (CEX), providing a variety of options for trading.
• The decentralized exchange (DEX) depth status is rated as good, suggesting sufficient liquidity for trading on decentralized platforms.
• The liquidity score of 55/100 shows that while liquidity is adequate, it may not be robust enough to handle significant market movements without slippage.

The tokenomics of ENA reveals a concentrated holder structure and high total supply.

• With a total supply of 1.5e+28 and a circulating supply of the same amount, the token is fully circulated, which can impact its scarcity.
• The holder concentration is classified as high, implying that a small number of holders possess a significant portion of the total supply, which can lead to price volatility.
• The absence of a known burn mechanism raises concerns about the long-term value retention of the token, as there are no mechanisms in place to reduce supply.

Community health for ENA appears to be strong, with a robust online presence.

• ENA has a substantial following on Twitter with 238,881 followers, indicating a good level of interest and potential for community engagement.
• The Telegram community consists of 15,866 members, demonstrating active participation and support.
• However, the lack of Discord community presence may limit deeper engagement and collaboration among developers and users.

Development activity surrounding ENA indicates a commitment to ongoing improvement.

• The project is open source, allowing transparency and community contributions to the codebase.
• The GitHub repository has 9 contributors, indicating a collaborative effort, but only 2 commits in the last 30 days suggest a potential slowdown in development activity.
• The last commit was made on July 25, 2025, which could indicate that updates and improvements are being periodically implemented.

Our scoring system evaluates tokens across five key categories, each weighted equally to provide a comprehensive risk assessment:

• Security (20%): Smart contract verification, ownership status, mint functions, and security vulnerabilities
• Tokenomics (20%): Supply mechanics, distribution, holder concentration, and inflationary/deflationary features
• Liquidity (20%): Trading volume, exchange listings, liquidity depth, and market accessibility
• Community (20%): Social media presence, engagement levels, and community growth metrics
• Development (20%): Code activity, repository health, contributor engagement, and project maintenance