Hold any wallet up to the light.

A wallet is an address, not a box

On Solana a “wallet” is a public key whose system account holds native SOL, measured in lamports (1 SOL = 1,000,000,000 lamports). Tokens do not sit inside that account. Each token you hold lives in a separate token account that records three things: which mint it belongs to, who owns it, and how many base units it holds. The wallet address is simply the owner written into those accounts.

Associated token accounts

To keep things predictable, wallets normally use the associated token account (ATA): an address derived deterministically from the owner, the token program and the mint. Anyone can compute it, which is why someone can send you a token you never asked for — they create your ATA and pay its rent. A wallet can also own extra, non-associated token accounts; Walletglass shows the count of both.

Why spam tokens appear

Because creating an ATA for someone else is cheap and permissionless, scammers airdrop worthless mints to thousands of wallets, often with names that look like a reward or a link. They rarely have liquidity or a verified listing, so here they show as unpriced or unverified. The safe move is to ignore them: interacting with a lure token’s website is how drainers get signatures.

Rent and empty accounts

Every account must hold enough lamports to be rent-exempt. A classic SPL token account is 165 bytes and needs about 0.00204 SOL; Token-2022 accounts with extensions can need more. When you sell a token to zero the account usually stays open with its deposit. Closing it with your own wallet returns that SOL.

Token-2022 and frozen accounts

Solana has two token programs. The original SPL Token program and Token-2022, which adds optional extensions such as transfer fees, transfer hooks, interest-bearing balances, metadata pointers and non-transferable tokens. A Token-2022 badge is not a warning on its own, but extensions can change what happens when you move a token, so it is worth checking the mint. Separately, any mint that kept a freeze authority can freeze individual token accounts. Regulated stablecoins use this for compliance; a random memecoin keeping it is a red flag.

Where the prices come from

There is no single on-chain “price” for a token. Aggregators such as Jupiter derive a USD price from recent swaps and pool reserves across many DEXes, and report the pooled liquidity behind it. A price backed by millions in liquidity is robust; a price backed by a few hundred dollars can be set by a single trade.

Why value is not sellable value

Value here is amount × current price. That is a mark, not a quote. Selling a large position pushes the price down as you walk through the pool (price impact), fees apply, and some tokens carry transfer taxes or cannot be sold at all. When a position is larger than a meaningful fraction of the token’s liquidity, Walletglass flags it as thin; treat that number as optimistic.