$METAx
Meta xStocksolanaSUSPICIOUS
X-Ray verdict
Mint authority still active; top 10 wallets hold 92%; serial deployer: 114 launches, 0 graduated.
Total score
34/100
Narrative and on-chain coin, weighed equally.
Insiders hold
77.5%
dev + same-funder wallets
Contract
25/100
3 checks
Holders
70/100
2 checks
Dev
35/100
2 checks
Market
100/100
1 check
Narrative
22/100
FUD
Coin
45/100
SKETCHY
RWA
Core claim · not independently verified
“xStocks are 1:1 backed tokenized US equities and ETFs, tradeable 24/7, across chains, by anyone in the world.”
While the website claims 1:1 backing by regulated custody and 1353 stocks/ETFs, no specific custodian reports, legal prospectuses, or program IDs were found to verify the link between on-chain tokens and off-chain assets. Observed on-chain data shows active mint and freeze authorities and high developer concentration (77%), which contradicts the claim of permissionless asset backing.
promise · future
The post contains future-tense wording. A planned event is not current proof or a contradiction; assess each completed claim separately.
product · verified
Live app page reachable at xstocks.com (“xStocks - Tokenized Equities — xStocks are 1:1 backed tokenized US equities and ETFs, tradeable 24/7, across chains, by anyone in the world.”). A working page doesn't prove the advertised feature has run.
source ↗product · unsupported
Fee or payout terms are published at xstocks.com, but no matching payment receipts were checked yet.
source ↗protocol · not-found
The project's site and docs publish no program IDs or explorer proof links. Product claims stay unverified, not disproven.
- ✕
RISKMint authority still activecontract
Someone can print new supply at any time and dilute every holder.
proof ↗ solscan.io/account/Xsa62P5mvPszXL1krVUnU5ar38bBSVcWAB6fmPCo5Zu - ✕
RISKFreeze authority still activecontract
Someone can freeze any wallet's tokens so they can't sell.
proof ↗ solscan.io/account/Xsa62P5mvPszXL1krVUnU5ar38bBSVcWAB6fmPCo5Zu - ✕
RISKTop 10 wallets hold 92%holders
A handful of wallets can crash the price.
- ✕
RISKSerial deployer: 114 launches, 0 graduateddev
This wallet launches coins in bulk; almost none survive.
proof ↗ solscan.io/account/S7vYFFWH6BjJyEsdrPQpqpYTqLTrPRK6KW3VwsJuRaS - !
WATCHDev holds 78%dev
The deployer can dump a large bag.
proof ↗ solscan.io/account/S7vYFFWH6BjJyEsdrPQpqpYTqLTrPRK6KW3VwsJuRaS - ✓
WORKSNo sell taxcontract
The mint carries no transfer fee.
- ✓
WORKSNo linked-wallet clusterholders
We traced who first funded 3 holders; no shared funder holds a real share.
- ✓
WORKSLiquidity 115% of market capmarket
Reported indexed liquidity exceeds 3% of market cap. Pool ranges and routing determine executable depth; trade impact was not simulated.
What would change this
- →Mint authority revoked.
- →Freeze authority revoked.
- →Top 10 under 30%.
How X-Ray reads a coin
- ▸ mint + freeze authority (account read)
- ▸ top 20 holders, pools separated
- ▸ first funder of 3 wallets traced
- ▸ deployer bag, funder and launch history
- ▸ transfer fee on the mint