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FORMATION rug check: grade B

Formation on Solana, graded B from on-chain evidence on 23 October 2026: 1 warning sign.

B

Minor concerns only, or too new to judge fully.

We found one small warning sign, or the coin is too new for us to judge properly.

Market value$4.5k
Liquidity$4.0k
Last 5 min-
Last hour-
Buys vs sells, 5 min-
24h volume$108k

Loading live numbers.

Buys vs sells are counts of trades, not dollars: a few large sells can outweigh hundreds of small buys.

Why this grade

Very thin liquidityThe pot of money for swapping is very small, so even small sales can drop the price a lot.

Holders and token settings

Holders1,136
Top wallet6.2%
Top 10 wallets18.8%
Dev still holds0.0%
Matching bags1
Linked insiders0
LiquidityLocked or on launchpad
Mint authoritySwitched off
Freeze authoritySwitched off

Checked 23 October 2026. Pools, lockers and market accounts excluded.

What happened since

When we first saw FORMATION its price was $0.0₄3120. The latest price we recorded is $0.0₅4705 (-85% since first seen), 85% below the highest price we recorded.

Creator wallet

5ksPMJDeabb7otAuh61DpQnLS2rNKxvYEG7XwUFMBTKCSolscan

This is the only coin we've seen from its creator wallet. On-chain history, not a judgement of whoever controls the wallet.

Contract address

DB63eXThLrpVoKpURGBEX5oiVwnnk1yXTbWqbaj2pump
This coin can still rug. Our checks see wallets, supply and liquidity. They cannot see a dev or early buyers selling slowly, unlinked wallets dumping together, or hype ending. Read why