Elephant Money
ELEPHANT
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
ELEPHANT (Elephant Money) demonstrates severe fundamental and security vulnerabilities across evaluated categories. A data gap was noted in Community Support (score -1.0), whose weight was redistributed among the remaining sections. The protocol has declared itself a '100% complete and finished product' with no active development, commits, or governance proposals (Active Development: 1.5). Tokenomics (3.0) and Market metrics (2.0) reflect a reflexive yield-driven model with extreme circulating supply (~496.7T of 1,000T total supply), thin liquidity (~$63k daily DEX volume), an unrecovered >93% collapse from its all-time high, and ecosystem impairment evidenced by secondary token TRUNK showing a $0 market cap. Team and Governance (2.0) suffers from completely anonymous founders and centralized control without a DAO. Security (1.5) is severely compromised by a single 2021 audit with a CertiK Skynet score of 30.00 (Grade D) that missed a price-manipulation vulnerability; this flaw led to the catastrophic April 12–13, 2022 flash-loan exploit draining an estimated $22.2M, precipitating an unrecovered protocol collapse.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Elephant Money (ELEPHANT)
ELEPHANT is the native token of Elephant Money, a decentralized finance protocol deployed on BNB Smart Chain (BSC). The token operates on a passive-yield reflection model with a maximum supply of 1,000 trillion tokens, of which approximately 496.7 trillion are in circulation. The protocol features mechanisms such as a 10% transaction tax, a 50% reflection redistribution, staking, and bonding, and was originally designed to interact with a secondary stablecoin named TRUNK.
On April 12–13, 2022, Elephant Money suffered a major flash-loan exploit targeting a price-manipulation vulnerability in the TRUNK minting process. The attacker utilized flash loans of 131,000 WBNB and 91 million BUSD to manipulate the price of ELEPHANT and drain the protocol's treasury. While the project's official post-mortem reported losses of $11.2 million in BNB, security analytics firm PeckShield determined that total losses reached approximately $22.2 million when accounting for approximately 30 billion drained ELEPHANT tokens. Prior to the incident, the protocol had undergone a single audit in March 2021 by Solidity Finance, which failed to identify the price-manipulation flaw.
Following the exploit, ELEPHANT experienced a severe price crash of over 76% immediately after the attack and remains down roughly 93% from its March 2022 all-time high. The wider ecosystem has also experienced significant impairment, with TRUNK recording zero circulating supply and a $0 market cap. The founding team remains entirely anonymous with no decentralized autonomous organization (DAO) or on-chain voting in place. The project's website lists the protocol as a completed product, and development and governance activity have ceased.