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Last updated: October 6, 2026

ATH Risk Disclosure and No-Advice Statement

This statement is published by ATH (Florida, United States), Miami, FL 33178, the operator of ATH at ath.trade. It is part of our Terms of Service. If anything here conflicts with the Terms, the Terms control. Read it before you connect a wallet, swap, tip, transfer, or act on anything you see in the Service.

The short version

Read this page even if you read nothing else.

If you do not accept these risks, do not use the Service. Nothing on this page takes away rights that consumer protection law gives you (see section 1.5).

1. Purpose and scope

1.1. This statement describes the main risks of using ATH and explains what we do not do for you. It cannot list every risk. New ones appear constantly.

1.2. It applies to the ATH website and to any API we offer. We closed our Telegram alert bot and the AI Assistant in October 2026; sections 13 and 14.4 say what still matters about them.

1.3. You accept this statement when you create an account or connect a Wallet, and again before your first Swap, by checking a box that is not pre-checked. We keep a record of the date and the version you accepted. Accepting this statement means you have read it, you understand it, and you accept the risks it describes, subject to section 1.5.

1.4. Languages. This statement is available in English and SpanishA French version of this document is not yet available. We will publish one before offering the Service to consumers in Quebec, and the French version will then govern for those consumers.. If the versions differ, the English version controls. If you live in Quebec, the French version is offered to you first, and you are bound by another language version only if, after reviewing the French version, you expressly chose it.

1.5. Consumer rights. Nothing in this statement waives or limits rights that you have under consumer protection laws that cannot be waived by contract, including the Consumer Protection Act (Quebec), the Consumer Protection Act, 2002 (Ontario), the California consumer protection laws, and equivalent laws in other provinces and states. If you are a consumer in one of those places, the limitations, releases, and dispute-resolution clauses in this statement and in the Terms apply only to the extent those laws allow.

2. Definitions

3. We are not your advisor, broker, or custodian

3.1. Everything in the Service is information. It is general information published to every user alike. None of it is investment, financial, legal, tax, or trading advice. We do not know your finances, your goals, or your risk tolerance, and we do not tailor anything to you.

3.2. We do not hold, accept, or transmit your funds. We do not execute trades for you. We do not give advice. We are not an exchange, a broker, a dealer, a money transmitter, an investment adviser, or a custodian. We are not registered with FinCEN as a money services business, with FINTRAC, or with the SEC, the CFTC, the Canadian Securities Administrators or any securities or derivatives regulator, because we do not hold, transmit or exchange funds on your behalf: every transaction is signed by your own Wallet and settles on the Solana blockchain. We owe you no fiduciary duty.

3.3. We do not trade for you. When you Swap, the Service asks DFlow for a swap transaction and shows you the route, the platform fee, and the expected outcome. DFlow builds the transaction. You sign it in your Wallet. Our servers check that what you signed is exactly the transaction you were shown, and relay it to the Solana network through RPC nodes. Tips and transfers are built in your browser, signed by you, and relayed by us through an RPC node. Relaying is a communications step: the transaction is already authorized by you, it can only do what you signed, and we cannot change, redirect, or hold the value in it. Every Swap settles on the Solana blockchain in a single transaction that you sign, and the Tokens you receive are delivered to your Wallet in that same transaction. We never hold, control, or have access to your Tokens or SOL, not even for an instant. We do not operate an order book, a matching engine, or a marketplace. The only value we receive from you is the platform fee, which is paid to our fee account as part of the Swap transaction you sign.

3.4. Seeing a trader's profile, positions, or trades is not a recommendation to copy them. Appearing in "Traders to follow" or in a Ranking is not an endorsement. Past results say nothing about future results. Some users are paid, or hold a position, when they promote a Token. Our Terms require them to say so, but we cannot verify it, so assume that anyone praising a Token may profit if you buy.

3.5. If you need advice, hire a licensed professional in your jurisdiction.

3.6. Our interests. We earn the platform fee on every Swap, whether you profit or lose. We and our team may hold, buy, or sell Tokens that appear in the Service. We do not sell placement in rankings, feeds or the token list, and we label any sponsored content as such. Signals, Rankings, and the feed are computed by the same rules for every Token.

4. Token risk: memecoins can go to zero

4.1. Most of the Tokens shown in the Service have no product, no revenue, and no accountable team. Their price depends on attention alone. When attention leaves, the price goes to zero and does not return.

4.2. Prices are extremely volatile. A Token can lose 90% or more in minutes. There are no trading halts, no circuit breakers, and no closing hours.

4.3. Liquidity can disappear at any moment. You may hold a Token that shows a price but cannot be sold at that price, or at any price.

4.4. Anyone can create a Token in seconds for a few dollars. Names, symbols, and images can copy real projects, celebrities, or events with no connection to them. The images and metadata we display come from SolanaTracker and from the Token's creator. We do not verify them.

4.5. There is usually no issuer to hold responsible. Developers are often anonymous and unreachable. There is no recourse.

4.6. If we add other chains, each one brings its own technical, economic, and legal risks.

5. Scams and token-level traps

5.1. Rug pulls. The creator removes the liquidity or sells a huge supply, and the price collapses. This can happen seconds after launch or months later, after a Token looks established.

5.2. Honeypots. You can buy, but you cannot sell. This can be done through program logic, blocklists, transfer restrictions, or freeze powers.

5.3. Mint authority. If the creator keeps the power to mint, they can create unlimited new supply and dilute your holding to nothing.

5.4. Freeze authority. If the creator keeps the power to freeze, they can lock your token account. Your balance will still show, but you cannot move it.

5.5. Transfer fees and transfer hooks. Some token programs charge a fee on every transfer or run custom code (a "transfer hook") that can block or alter transfers.

5.6. Fake activity. Volume can be manufactured by wash trading. Holder counts can be inflated with many wallets controlled by one person. Liquidity can be added just long enough to attract buyers.

5.7. Impersonation. Fake websites, fake social accounts, fake "verified" badges, and Tokens named after things they have nothing to do with.

5.8. Our Signals show some of these traps when we can detect them. We cannot detect all of them, and a Token that looks clean at launch can turn into a trap after you buy.

5.9. Unsolicited Tokens. Anyone can send Tokens to your Wallet. A Token you did not buy can carry a name, image, or link designed to lure you to a site that drains wallets. Do not visit links in Token metadata, and do not try to sell or claim a Token you did not ask for.

6. Snipers, bundlers, insiders, and developer activity

6.1. Snipers are bots that buy in the first blocks after launch and sell into the buyers who come later.

6.2. Bundlers submit groups of transactions together so that a few wallets take most of the supply at launch, while the activity looks organic to a casual viewer.

6.3. Insiders are wallets funded by or linked to the developer that buy before the public and sell to the public.

6.4. Developer movements. Wallets tied to the creator can sell, move or remove liquidity, or change the Token's authorities at any time.

6.5. We label these behaviors with heuristics: funding patterns, timing, transactions grouped in the same block, and similar clues. A label describes an on-chain pattern, not a person's identity or intent. Labels are our opinion, computed automatically from public transactions by rules we describe only in general terms, and they can be wrong in both directions. A normal early buyer can be tagged as a sniper. A coordinated group can spread across wallets and escape detection. Sophisticated actors study detection methods and adapt to them. If a label is attached to your Wallet and you believe it is wrong, you can ask us to review it at [email protected].

6.6. Even an accurate label does not tell you what those wallets will do next.

7. Execution risk: slippage, price impact, MEV, and sandwiches

7.1. Quote versus fill. The price you see is a quote at one moment. The pool changes before your transaction lands, so your fill can be worse than the quote.

7.2. Two swap modes. In Auto mode (the default) DFlow sets the slippage tolerance for each Swap, never below 1.5%, and you do not choose it. In Manual mode you choose a tolerance between 0.1% and 50% in Swap settings. If a Swap fails because the price moved or it did not land in time, the Service retries it automatically, up to three more times, with a fresh quote each time. In Auto mode each retry allows more slippage (3%, then 5%, then 8%), so a Swap can fill up to 8% worse than the first quote; in Manual mode the retries keep your tolerance. Each attempt is a separate transaction signed by your Wallet. A low tolerance makes more transactions fail, and failed transactions still cost network fees. A high tolerance gives you worse fills and makes you an easier target for sandwich attacks.

7.3. Price impact. Your own order moves the price. In a thin pool, a large order relative to the liquidity can lose a large share of its value instantly.

7.4. MEV and sandwiches. Bots watch pending transactions. A sandwich attack buys just before your buy, sells just after it, and pockets the difference at your expense. This happens on the network and is outside our control. Every Swap includes Jito's sandwich-mitigation marker, which tells validators that run Jito not to bundle it inside a sandwich. It reduces the risk. It does not remove it: not every validator runs Jito, and bots can still trade around your transaction.

7.5. Routing. DFlow chooses a route across one or more pools. Each pool charges its own fee. A route that worked a minute ago can fail the next minute. Transactions on Solana either land or fail as a whole, but a transaction shown as "sent" can still fail, expire, or be dropped before it is confirmed.

7.6. Selling is harder than buying. Sell-side liquidity is often far lower than what it took to buy. Getting out can cost much more than getting in.

8. Fees, priority fees, and failed transactions

8.1. Our platform fee. On each Swap we charge a platform fee of 0.50% (50 basis points) or less, as set out in our Fee Schedule. The fee is deducted inside the Swap and paid straight to our fee account. We show it before you confirm. The platform fee is a software fee for using the Swap interface. It is a fixed percentage, the same for every account. It is the same whatever Token you swap and whatever our Signals or Rankings say about it. We may change fees as described in the Terms and in section 21.

8.2. Fees we do not charge or control. You also pay the Solana base fee, the priority fee added to your transaction when it is built to get it included, the fees of the pools on the route, and the cost of slippage. None of this goes to us, and we cannot reduce or refund it.

8.3. Failed transactions still cost money. Network and priority fees are spent even when the Swap fails. During congestion, many transactions fail. You can pay several fees in a row and still not execute. Our platform fee is not charged on a failed Swap.

8.4. Priority is not a guarantee. You do not choose the priority fee; DFlow sets it automatically when it builds the transaction, within a cap we set. A priority fee improves the odds of inclusion but does not guarantee inclusion or timing.

8.5. Keep SOL for fees and rent. Solana requires a small SOL deposit ("rent") to keep each token account open. Every transaction needs SOL for fees. If you spend all your SOL, you cannot sell your Tokens until you get more.

8.6. Tips and transfers. We charge nothing on tips and transfers between users. Network fees still apply.

8.7. No subscriptions. The Service is free, and we sell no paid plans or subscriptions. If we offer paid plans in the future, their prices and their billing, renewal, cancellation, and refund terms will be published, and you will accept them separately, before anything is charged.

9. Network, RPC, and third-party failures

9.1. Solana. The network can congest, slow down, halt, or upgrade. Transactions can be delayed, dropped, or expire unconfirmed. Balances can show stale values.

9.2. RPC nodes. We read the chain through Helius and other RPC nodes, and signed transactions reach the network through those nodes. Any of them can go down, lag, return stale data, or drop transactions.

9.3. Third-party API and program changes. The services we depend on change without warning. For example: a launchpad changes its API or the on-chain program behind its pools. Aggregators and our systems stop understanding it. Sells through that launchpad fail for hours until everyone adapts. During those hours the price can collapse, and you may be unable to sell through the Service even though you still own the Token.

9.4. DFlow. Routing can fail, quotes can be unavailable, and routes can be wrong.

9.5. SolanaTracker. If the market data feed stalls, the live feed freezes and prices, charts, and holders go stale or wrong.

9.6. Privy. If Privy is down, you cannot sign with your Embedded Wallet and may not be able to log in.

9.7. Cloudflare, SendGrid, Google, Apple. Any of them can block access, lose an email, delay an alert, or break a login.

9.8. Us. Our own servers have bugs, maintenance windows, outages, and display errors. We may pause features, including Swaps, without notice when we detect a problem.

9.9. Our liability for these failures is limited as described in the Terms, to the extent the law allows (see section 1.5). Never treat the Service as your only way to reach your funds. Your Wallet works without us: an External Wallet through its own app, an Embedded Wallet through the private key you exported.

10. Our Signals, scores, and Rankings are heuristics

10.1. Signals are built from public on-chain data and from rules and models we write. They are not audits. They use no inside information. They carry no guarantee.

10.2. Expect false positives and false negatives. A Token with no warnings can be a scam. A Token with warnings can be legitimate.

10.3. Signals lag. A Token can be rugged between our last update and your click.

10.4. Our own continuous recording of trades started in June 2026. Coverage before that date can be incomplete, and any gap affects the Signals that depend on it.

10.5. Bad actors study detection and change tactics. A Signal that worked last month can be useless this month.

10.6. Rankings are computed from public wallet activity. They can be manipulated with wash trading, funded wallets, and self-dealing. We may remove or adjust entries when we detect manipulation, and we will not catch all of it. A high position in a Ranking is not an endorsement and says nothing about future results. If we remove or adjust your entry, we will tell you on request the main reasons and the data we relied on, and you may ask us to review the decision at [email protected].

10.7. Every feature built on Signals or Rankings, such as watched wallets, saved filters, and alerts, carries the same limits. Any API we offer returns the same data with the same limits, and what you build on it is your responsibility.

11. Market data can be late or wrong

11.1. Our data comes from SolanaTracker, Helius, RPC nodes, and our own collectors. Each of them can be late, incomplete, or wrong.

11.2. "Price" is usually the last trade or the current pool state. In an illiquid Token the price is close to meaningless. "Market cap" is price times supply, and can be inflated by supply that could never be sold at that price.

11.3. The liquidity figure can be removed by its owner at any time. Holder counts include bots, dead wallets, and burn addresses.

11.4. Charts are built from the trades we record and, where our record has gaps, from third-party data. They can differ from other sites, and candles can be missing or corrected later.

11.5. "Live" does not mean instant. The feed lags the chain, sometimes by seconds, sometimes by much longer during outages.

11.6. Do not make decisions on our data alone. Cross-check with other sources.

12. Profiles, positions, profit and loss, and leaderboards

12.1. We compute positions, swaps, and profit and loss from the public transactions of your connected Wallet, read through Helius, plus an hourly snapshot of the Wallet's value for the profile chart.

12.2. These numbers can be wrong. Transfers between your own wallets can look like buys or sells. Airdrops, Tokens with no reliable price, missed transactions, and rounding all distort the result.

12.3. When you connect a Wallet to a profile, you choose to link your username to that Wallet's public on-chain activity and to display your positions, trades, and portfolio chart on your profile. There is no private-profile setting today; you can keep your profile minimal by leaving the username, bio, photo and social handles empty. Your Wallet's activity is public on chain whether or not you use ATH. Anyone who can see your profile may copy you, front-run you, or target you. Our Privacy Policy explains what we collect and your rights.

12.4. Other traders' displayed profit can be inaccurate or manipulated in the same ways.

12.5. A badge next to a username does not verify who the user is, that their profit is real, or that they are trustworthy.

13. The former AI Assistant

13.1. We closed the AI Assistant in October 2026. Answers it gave before then were text generated from our data at that time by a model provided by Anthropic. They could be wrong or out of date, they did not know your finances, and they were never advice. Do not rely on them, and treat anything that claims to be ATH's AI assistant today as an impersonator.

14. Social content, alerts, and impersonators

14.1. Posts, comments, reactions, and profiles are written by users. They can be promotions, paid shilling, coordinated pumps, or plain misinformation. A user who praises a Token often owns it and plans to sell it to you. We do not verify user content.

14.2. Tips go directly from your Wallet to the Wallet of the user whose profile you are on, and they are final. A username is chosen by whoever registered it and can imitate someone else. Check the profile before you send.

14.3. Alerts, including emails about activity in your Wallet, can be delayed, duplicated, missed, or wrong. An alert is not a signal to trade. You can turn optional email alerts off in Settings. You can opt out of marketing emails with the link in each email; we will keep sending the emails needed to operate your account.

14.4. We closed our Telegram bot, @pumppumpz1bot, in October 2026, and we have no other bot on Telegram. Any Telegram account or bot that claims to be ATH is an impersonator. We will never ask you for a private key, seed phrase, password, or payment in a message, on Telegram or anywhere else.

15. Your Wallet is your responsibility

15.1. Embedded Wallet (sign-in with Google or Apple)

(a) Privy creates a non-custodial Wallet for you. The key is split into fragments (Shamir sharing) and signing happens inside secure enclaves. We never see, hold, or control the key. We cannot freeze it, recover it, or reverse anything signed with it.

(b) Your access depends on your Google or Apple account and on Privy. If you lose that account, or Privy becomes unavailable, and you have not exported your private key, you lose access to the funds. We cannot help.

(c) Export your private key from Privy and store it offline in a safe place. Do this before you deposit anything of value. Anyone who has the key controls the funds.

(d) Anyone who can use your logged-in browser can sign under your session. Log out on shared devices and protect your Google or Apple account with two-factor authentication.

(e) Privy is a Third-Party Service with its own terms and its own failure modes.

15.2. External Wallet

(a) You control the seed phrase. We never ask for it and never need it.

(b) Read every transaction before you approve it. Malicious sites drain wallets through approvals that look routine. Never approve a transaction you do not understand.

(c) Your wallet application is a Third-Party Service. Its outages and bugs are outside our control.

15.3. Everyone

(a) Phishing is constant. Check that you are on ath.trade. We never ask for keys or seed phrases, by any channel.

(b) Keep spare SOL for fees. Test new flows with small amounts first.

16. On-chain actions are final

16.1. Swaps, tips, and transfers are executed on chain and cannot be reversed, refunded, or retrieved by us. A wrong recipient, a wrong amount, or the wrong Token means the funds are gone. Tips and transfers go to the Wallet of the user whose profile you are on; check the username before you send.

16.2. If you move funds with your own wallet app outside the Service, sending Tokens to an address that cannot handle them, or to an exchange deposit address that needs a memo, can also lose them.

16.3. The Service is free, and we never ask you to send SOL or Tokens to pay for it. Funds sent to anyone who claims to collect payments for ATH are lost like any other mistaken transfer.

16.4. [Reserved]

16.5. With an Embedded Wallet, "Burn dust automatically" in Settings → Wallet is on by default for every Account from October 6, 2026. While it is on, the Service burns token balances that we estimate are worth less than the rent of their token account (never more than US$1.00), including tokens with no liquidity left, after they have stayed below that rent for 24 hours and at least 24 hours after your last purchase of that token, and closes those accounts so the rent returns to your Wallet. Burning is permanent: a burned token cannot be recovered, even if its price later rises. Our estimate relies on market data that can be wrong or delayed. We never burn SOL, USDC, or USDT. You can turn it off at any time, and we always respect that choice. See section 6.7 of the Terms.

17. Account and device security

17.1. Your session token, your Wallet's public address and provider, and your preferences (language, menu, balance blur, currency, chart and feed settings, swap mode, and slippage) are stored in your browser's local storage. Anyone with access to your device or browser can act as you. Log out on shared devices, keep your system and browser updated, and watch for malware and rogue extensions. Our Privacy Policy lists the same items.

17.2. Your Google or Apple account is the front door to your Embedded Wallet. Secure it accordingly.

17.3. We cannot recover a Wallet, undo a signature, or restore lost funds.

17.4. If we learn of a security incident involving your personal information that creates a risk of serious harm, we will notify you and the relevant authorities as the law requires. Privacy questions: our Privacy Officer at [email protected].

18. Tax risk

18.1. In the United States, Tokens are treated as property for tax purposes. In Canada, the Canada Revenue Agency treats Tokens as a commodity, each Swap is a barter transaction that must be valued in Canadian dollars, and the result can be taxed as a capital gain or as business income depending on your circumstances. In both countries, each Swap can be a taxable disposition. Tips you receive, and any referral rewards paid in SOL or Tokens if we ever offer them, can be income.

18.2. You are responsible for tracking and reporting your own taxes. We do not provide tax forms or tax advice. The trade history in the Service is not a tax record and may be incomplete.

18.3. Tax rules change and vary by state and province. Consult a tax professional.

19. Legal and regulatory risk

19.1. The law on Tokens is unsettled in the United States and Canada and changes fast. A Token you hold could be treated as a security. We do not assess whether any Token is a security or a derivative under U.S. or Canadian law. A feature we offer today could have to change or stop. We may restrict access in some regions or for some users to comply with the law.

19.2. You must be at least 18 years old and at least the age of majority where you live. You may not use the Service if you are in, or are a resident or national of, a Restricted Jurisdiction, or if you are a Sanctioned Person, each as defined in the Terms. Those definitions cover countries and regions under comprehensive sanctions by the United States (OFAC) or by Canada (under the Special Economic Measures Act, the United Nations Act, the Justice for Victims of Corrupt Foreign Officials Act, or the Criminal Code), persons on OFAC's Specially Designated Nationals list or on Canada's Consolidated Canadian Autonomous Sanctions List or any similar list, and anyone owned 50% or more or controlled by such a person. Using a VPN or other means to hide your location to evade these rules is prohibited and can end your access.

19.3. We may have to disclose information to authorities as described in our Privacy Policy.

19.4. If we ever offer third-party services to buy Tokens with fiat currency, those providers have their own terms, identity checks, fees, and risks.

19.5. The referral program currently pays no reward. A commission-sharing program has been announced but is not in force; its percentages, when it starts, will be in a fee schedule published at ath.trade. We can cancel rewards obtained through self-referral or manipulation and can change the program as described in the Terms. If we cancel a reward, we will tell you on request the main reasons and the data we relied on, and you may ask us to review the decision at [email protected].

20. No insurance, no guarantees

20.1. Nothing in the Service is covered by FDIC, SIPC, CDIC, CIPF, or any other deposit or investor protection scheme. We do not hold your assets, so we cannot insure them.

20.2. To the extent permitted by law, the Service is provided as is, and our warranties and liability are limited as described in the Terms. Nothing in this statement limits liability that cannot be limited by law, including liability for fraud or willful misconduct, and nothing in it overrides section 1.5.

21. Changes to this statement

21.1. We may update this statement. For changes that reduce your rights, add obligations, or change fees, we will give you at least 30 days' notice by a notice inside the Service and, if we have an email address for you, an email before they take effect, with the new text and the effective date. If you are a consumer in Quebec, or in another place whose law gives you this right, you may refuse the change and end your agreement with us without penalty before that date. We may add a new risk warning immediately when a new risk appears or the law requires it; that kind of change does not reduce your rights. For other changes, the date at the top tells you when this statement last changed, and using the Service after that date means you accept the new version.

21.2. This statement is not exhaustive. Risks we have not listed, and risks that do not exist yet, are still real. Section 1.5 applies to them too.

22. Contact

Questions about this statement: [email protected].

ATH Miami, FL 33178 ath.trade