IRYS rug check: grade E

Irys Network (IRYS) on Solana, graded E from on-chain evidence on 24 October 2026: 2 warning signs.

2 warning signs found. Read the evidence before you do anything.

We found serious warning signs. Coins like this often lose most of their value quickly.

Market value$80.2k

Liquidity-

Last 5 min-

Last hour-

Buys vs sells, 5 min-

24h volume$331k

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

3 wallets bought identical bagsSeveral big wallets bought exactly the same amount right at launch. That usually means one team grabbed lots of the coin early, spread across many wallets.

Liquidity is not lockedLiquidity is the pot of money that lets people swap the coin back for SOL. If it isn't locked, whoever filled the pot can take it away, and then nobody can sell.

Holders and token settings

Holders2,139

Top wallet5.3%

Top 10 wallets14.9%

Dev still holds0.0%

Matching bags3

Linked insiders0

LiquidityNot locked

Mint authoritySwitched off

Freeze authoritySwitched off

Checked 24 October 2026. Pools, lockers and market accounts excluded.

What happened since

When we first saw IRYS its price was $0.0₄1935. The latest price we recorded is $0.0₄8015 (+314% since first seen), 0% below the highest price we recorded. Since we flagged it, the price has moved +48%.

Creator wallet

8gnnyJ25B8davNyPpi1DJeMAdDYo8tQrw61RU1EByJkcSolscan

This creator wallet has launched 10 coins we've seen. Of the 4 that are at least a day old, 4 collapsed within a day. See serial launchers On-chain history, not a judgement of whoever controls the wallet.

Contract address

DRf3uHroaorbfJXWQHKS1KJpwByN3RxoPKp8VLASrLxE

DexScreener chart RugCheck Bubblemaps Solscan

Evidence, not an accusation. This grade summarises public on-chain data at the time we checked. It is not a claim about anyone's intentions. Report a mistake