How to Use Solscan and Solana Explorer to Verify Token Data Yourself

The free tool that lets you verify everything teams claim about their tokens

You don't need a paid subscription, specialized software, or developer knowledge to verify the most important security data about any Solana token. Solscan.io provides free, real-time access to the complete on-chain state of every Solana token — its permissions, its holder distribution, its transaction history, and the complete financial history of every wallet that has ever touched it. Learning to navigate Solscan fluently transforms you from a buyer who must trust what teams claim about their tokens into a buyer who can verify those claims independently in minutes. This guide walks through the five most important verification tasks, step by step.

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Task 1 — Verify mint authority and freeze authority

Step 1: Go to solscan.io and paste the token's mint address into the search bar. The mint address is the token's unique on-chain identifier — different from any wallet address. Find it on the token's official website, on Raydium's pool page, or through GeckoTerminal.

Step 2: On the token's page, find the "Token Info" section on the right side of the screen.

Step 3: Locate the fields labeled "Mint Authority" and "Freeze Authority."

Interpreting results:

• "None" or "–" for both fields = safe. New supply cannot be minted; no wallet can freeze holders.
• Any wallet address = risk. The holder of that wallet has that authority active. Treat as a risk flag unless there's a specific, verifiable reason for it to remain active.

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Task 2 — Check top holder distribution

Step 1: On the token's Solscan page, click the "Holders" tab.

Step 2: Review the list of top holders ranked by balance. The first column shows the wallet address, the second shows the absolute token balance, the third shows the percentage of total supply.

Step 3: Identify the liquidity pool address. This is typically one of the top holders and will be an SPL Associated Token Account linked to a Raydium or Orca program. You can confirm by clicking the address — if it belongs to a liquidity pool program, it's not an insider wallet.

Step 4: Exclude the liquidity pool address and calculate the percentage held by the remaining top 10 wallets. This is your concentration figure.

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Task 3 — Review the deployer wallet history

Step 1: On the Solscan token page, find the earliest transaction in the token's history. This will be the token creation transaction.

Step 2: Click into that transaction and find the "Fee Payer" or initiating wallet address — this is the deployer wallet.

Step 3: Click the deployer wallet address to open its full transaction history.

Step 4: Review the history for: wallet creation date, prior transaction volume and diversity, any other token deployments, and any patterns of LP creation followed by LP removal (the rugpull signature).

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Task 4 — Check token creation date and age

On the token's Solscan page, the creation transaction timestamp is visible in the token's earliest transaction history. Token age is a useful context signal: tokens less than 72 hours old are in the maximum risk window where the majority of rugpulls execute. This doesn't mean a new token is a scam — only that maximum scrutiny is warranted.

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Task 5 — Verify liquidity pool status

Step 1: From the Holders tab, identify the liquidity pool wallet.

Step 2: Navigate to Raydium.io or GeckoTerminal, search for the token, and find the primary trading pool.

Step 3: Check total pool depth (in USD), the pool creation date, and any lock status. RugCheck.xyz also shows liquidity lock status alongside Solscan data.

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Solana Explorer as a complement to Solscan

explorer.solana.com is the official Solana Foundation block explorer and provides lower-level transaction data than Solscan. For most user-facing verification tasks, Solscan is more readable. Solana Explorer is particularly useful for examining raw program instruction data — relevant when investigating token behavior at the program level rather than the account level.

Hannisol automates all five of these verification steps and aggregates the results into its 8-dimension risk score, so you can get the complete picture in seconds rather than minutes. But performing manual verification periodically keeps your independent on-chain reading skills sharp and provides a check on automated tools. Start any analysis at Hannisol.