Verify a decision

{"actor":"system:backfill","investigation_id":"bd9aa11d-a6be-4ed7-a51d-c83771256a63","kind":"publish","page_slug":"thecat","published_at":"2026-10-12T04:13:47.240Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"THECAT","sections":[{"content":"THECAT is a token on the Solana blockchain with the mint address DRTeDJXZYYZxmq3tmgSPvLi3ef5E51cRH1KzzwXvC5M7 and 6 decimal places. Token-tracking aggregators describe it as a cat-themed meme coin whose stated mission is to introduce non-crypto users, described in its marketing copy as 'normies,' to the Solana ecosystem, using the tagline 'Solaneyez everyone.' A website at thecat.meme is listed as its official site on at least one exchange-adjacent tokenomics page, though this investigation could not independently verify ownership or control of that domain. The token's primary trading pair is reported on Raydium. Price and market-cap figures vary significantly between snapshots taken at different times (from roughly $176K to $523K in reported liquidity, and $176K-$302K in market cap), which is consistent with a thinly traded, volatile micro-cap token rather than a reliable valuation.","heading":"Token Identification and Background","severity":"medium","sources":[{"credibility":3,"name":"KeepKey asset page for THECAT","type":"other","url":"https://keepkey.com/assets/thecat"},{"credibility":3,"name":"MadeOnSol token page for THECAT (DRTeDJXZYYZxmq3tmgSPvLi3ef5E51cRH1KzzwXvC5M7)","type":"research","url":"https://madeonsol.com/token/DRTeDJXZYYZxmq3tmgSPvLi3ef5E51cRH1KzzwXvC5M7"},{"credibility":3,"name":"MEXC THECAT tokenomics page","type":"other","url":"https://www.mexc.com/price/thecat/tokenomics"},{"credibility":3,"name":"DexTools THECAT/SOL pair explorer","type":"research","url":"https://www.dextools.io/app/en/solana/pair-explorer/8sCk65pr7w9HEJ3XfUWjqccf1xKvVTxzWKa2gSZkqFcW"}]},{"content":"No source identified a named founder, development team, or corporate entity behind THECAT. The token appears on Cyberscope's audit listing page, but that listing does not show evidence of a completed, substantive third-party audit — only automated contract checks (mint/freeze authority status). Automated scanner results are not equivalent to a human-reviewed security or governance audit, and none of the sources reviewed could confirm the identity or track record of the people controlling the project's social channels, website, or any multisig/treasury wallets. This is a common risk pattern among Solana meme tokens generally, and is not by itself evidence of wrongdoing, but it materially limits accountability if problems arise.","heading":"Anonymous Team and Absence of Independent Audit","severity":"medium","sources":[{"credibility":2,"name":"Cyberscope audit listing for THECAT","type":"research","url":"https://www.cyberscope.io/audits/coin-thecat"}]},{"content":"A snapshot from MadeOnSol's token scanner recorded THECAT's liquidity at approximately $523,000 against a market capitalization of approximately $302,000 — liquidity exceeding market cap is an unusual configuration for a standard constant-product liquidity pool and can indicate stale or miscalculated data, a non-standard pool structure, or other factors that should be verified directly on-chain before relying on the token's listed price. The same snapshot recorded 24-hour trading volume of only $1, indicating the token was effectively untraded at that time despite the large liquidity figure. The scanner also stated it could not verify whether liquidity was locked or burned, despite noting an unrelated 'token supply burn' metric. These figures should be treated as a single point-in-time snapshot (first seen reference May 8, 2026) rather than a current reading, and re-verified before any trading or wallet-exposure decision.","heading":"Liquidity Anomaly and Negligible Trading Activity","severity":"high","sources":[{"credibility":3,"name":"MadeOnSol token page for THECAT (DRTeDJXZYYZxmq3tmgSPvLi3ef5E51cRH1KzzwXvC5M7)","type":"research","url":"https://madeonsol.com/token/DRTeDJXZYYZxmq3tmgSPvLi3ef5E51cRH1KzzwXvC5M7"}]},{"content":"Multiple independent scanner sites — Cyberscope and MadeOnSol — report that THECAT's mint authority and freeze authority have been revoked on-chain, which means the deployer can no longer unilaterally mint new supply or freeze holder wallets. DexTools separately reports no honeypot flag detected and assigns the token a 99/100 'DEXT score' in its automated scoring system. These are positive automated signals that reduce certain classes of rug-pull risk, but scanner operators themselves caveat that such checks do not guarantee the token's overall safety, and they do not address holder concentration, social-engineering risk, or the integrity of whoever controls the project's branding and community channels.","heading":"On-Chain Safety Signals (Mint/Freeze Authority)","severity":"low","sources":[{"credibility":2,"name":"Cyberscope audit listing for THECAT","type":"research","url":"https://www.cyberscope.io/audits/coin-thecat"},{"credibility":3,"name":"MadeOnSol token page for THECAT","type":"research","url":"https://madeonsol.com/token/DRTeDJXZYYZxmq3tmgSPvLi3ef5E51cRH1KzzwXvC5M7"},{"credibility":3,"name":"DexTools THECAT/SOL pair explorer","type":"research","url":"https://www.dextools.io/app/en/solana/pair-explorer/8sCk65pr7w9HEJ3XfUWjqccf1xKvVTxzWKa2gSZkqFcW"}]},{"content":"Several unrelated Solana tokens use near-identical names, including listings on Solflare for tokens called 'The Infinite Cat Backrooms (THE CAT)' and 'the CAT meme,' each with different mint addresses from THECAT's DRTeDJXZYYZxmq3tmgSPvLi3ef5E51cRH1KzzwXvC5M7. One such similarly named token was flagged by Solflare's built-in risk scanner for holder concentration (reportedly around 77% of supply held by the top 20 wallets). None of these findings have been shown to apply to THECAT itself, but the naming overlap creates a meaningful risk that a wallet holder or trader could mistake one token for another, including potentially confusing a legitimate or illegitimate token for THECAT. Anyone reviewing a wallet balance labeled 'THECAT' or similar should always confirm the exact mint address before acting.","heading":"Naming Confusion with Similarly Named Tokens","severity":"medium","sources":[{"credibility":3,"name":"Solflare price page: The Infinite Cat Backrooms (THE CAT)","type":"other","url":"https://www.solflare.com/prices/the-infinite-cat-backrooms/3ourDzWiJsXVoMbk9mrHKJfDvrGAjBLWLfZiCN77734r"},{"credibility":3,"name":"Solflare price page: the CAT meme","type":"other","url":"https://www.solflare.com/prices/the-cat-meme/2kkRnf1XWneRpQC8UvZfLJteVpfPDBQYAiX38Vzspump/"}]},{"content":"Targeted searches for fraud, scam, lawsuit, SEC, or hack allegations specifically naming THECAT or its mint address returned no court filings, regulatory actions, or mainstream news coverage. No Tier 1 source (regulator, court, major news outlet) was found discussing this token at all. This absence of negative reporting should not be read as an endorsement of legitimacy: THECAT appears to be a low-profile, low-liquidity meme token that likely has not attracted enough attention from regulators, journalists, or large-scale victims to generate such reporting, rather than having been affirmatively cleared of risk.","heading":"No Confirmed Scam, Lawsuit, or Regulatory Action Found","severity":"low","sources":[{"credibility":2,"name":"Solidus Labs report on Pump.fun/Raydium pump-and-dump prevalence (cited via Benzinga, general market context, not specific to THECAT)","type":"research","url":"https://benzinga.com/z/45297511"}]}],"sources_used":[{"credibility":3,"name":"KeepKey asset page for THECAT","type":"other","url":"https://keepkey.com/assets/thecat"},{"credibility":3,"name":"MadeOnSol token page for THECAT (DRTeDJXZYYZxmq3tmgSPvLi3ef5E51cRH1KzzwXvC5M7)","type":"research","url":"https://madeonsol.com/token/DRTeDJXZYYZxmq3tmgSPvLi3ef5E51cRH1KzzwXvC5M7"},{"credibility":3,"name":"MEXC THECAT tokenomics page","type":"other","url":"https://www.mexc.com/price/thecat/tokenomics"},{"credibility":3,"name":"DexTools THECAT/SOL pair explorer","type":"research","url":"https://www.dextools.io/app/en/solana/pair-explorer/8sCk65pr7w9HEJ3XfUWjqccf1xKvVTxzWKa2gSZkqFcW"},{"credibility":2,"name":"Cyberscope audit listing for THECAT","type":"research","url":"https://www.cyberscope.io/audits/coin-thecat"},{"credibility":2,"name":"Coinbase price page for THECAT","type":"other","url":"https://www.coinbase.com/price/thecat"},{"credibility":3,"name":"Solflare price page: The Infinite Cat Backrooms (THE CAT)","type":"other","url":"https://www.solflare.com/prices/the-infinite-cat-backrooms/3ourDzWiJsXVoMbk9mrHKJfDvrGAjBLWLfZiCN77734r"},{"credibility":3,"name":"Solflare price page: the CAT meme","type":"other","url":"https://www.solflare.com/prices/the-cat-meme/2kkRnf1XWneRpQC8UvZfLJteVpfPDBQYAiX38Vzspump/"},{"credibility":2,"name":"Solidus Labs report on Pump.fun/Raydium pump-and-dump prevalence (via Benzinga)","type":"research","url":"https://benzinga.com/z/45297511"}],"summary":"THECAT (mint DRTeDJXZYYZxmq3tmgSPvLi3ef5E51cRH1KzzwXvC5M7) is a Solana meme token first seen around May 2026, marketed as an effort to introduce crypto newcomers to the Solana ecosystem. Automated scanners report mint and freeze authorities revoked, which removes some unilateral-control risks, but the token has an anonymous team, no independent audit, near-zero recent trading volume, and liquidity figures that exceed its market capitalization — an anomaly that warrants on-chain verification before any use. No regulatory action, lawsuit, or confirmed rug-pull report was found against THECAT specifically, but the overall evidence base is thin and drawn mainly from automated token-scanner and aggregator sites rather than primary sources.","timeline":[{"date":"2026-05","event":"Earliest recorded sighting of THECAT's mint address on a token-tracking scanner, per MadeOnSol's 'First seen May 8, 2026' field.","source":"MadeOnSol","source_url":"https://madeonsol.com/token/DRTeDJXZYYZxmq3tmgSPvLi3ef5E51cRH1KzzwXvC5M7"},{"date":"2026-08","event":"DexTools pair-explorer data for THECAT/SOL recorded as updated, showing liquidity near $346K, market cap near $197K, and a 99/100 automated DEXT score.","source":"DexTools","source_url":"https://www.dextools.io/app/en/solana/pair-explorer/8sCk65pr7w9HEJ3XfUWjqccf1xKvVTxzWKa2gSZkqFcW"}]},"v":1}