Is CNGN safe? Compliant Naira (CNGN) token check: mint authority, holders and liquidity
Safety check1 / 6
The mint authority is still active. For stablecoins this is a common design — supply changes as tokens are issued, bridged or redeemed — so check who controls it in the issuer's documentation.
A freeze authority is set. Regulated issuers of stablecoins often keep it for compliance; it still means the holder can freeze this token in any wallet.
The ten largest accounts hold most of the supply. For stablecoins these are often bridges, custodians, exchanges or protocol vaults rather than individuals, so this is shown as a note.
Liquidity is in a normal range relative to its on-chain market cap.
The price has not fallen 60% or more over the past 30 days.
Fewer than 20 trades in 24 hours. With so little activity, prices can be easily pushed around.
Summary
Compliant Naira (CNGN) is classified as a stablecoin. Mint authority: still active; freeze authority: set; the top 10 accounts hold 99.8% of supply. 1 risk check fired — see the items marked “!” below.
Liquidity ranks above 4% of tracked tokens.
Holder concentration is higher than 98% of tracked tokens.
30-day history
History builds up from the first day this token is tracked. The chart appears after a few daily snapshots.
Tokens with similar liquidity
FAQ
Can more CNGN be minted?
The mint authority for CNGN is held by its issuer, bridge or protocol. That is normal for this kind of asset: supply changes as tokens are issued, bridged or redeemed.
Can CNGN be frozen in my wallet?
Yes. A freeze authority is set, so its holder can freeze this token in any wallet and stop it being sold. Common for regulated stablecoins, but a clear risk for a meme token.
Where can I trade CNGN?
According to DexScreener, CNGN currently has liquidity in 1 pools; the deepest is on orca. Always check the token address to avoid look-alike tokens.
Market data: CoinGecko and DexScreener. On-chain data: Solana RPC. Updated daily. Powered by CoinGecko. This page states on-chain and market data only. It is not investment advice.