Is Biconomy a scam?
LOW RISK · 29/100Biconomy (BICO) has an automated risk score of 29/100 — low risk. No single factor dominates Biconomy's assessment — the score reflects several converging measurements. Down 100% from its all-time high — among the deepest drawdowns we measure. Market cap under $100M — moderate manipulation risk.
Automated assessment · updated 9 August 2026
Biconomy
bicoLOW RISK$0.0184
-3.21% (24h)
updating live price…
Risk Assessment
Risk Score
LOW RISK
Driven primarily by drawdown from all-time high (25 of 25 points). Every contributing factor is itemised below.
measured 2026-08-09 · 7 factors evaluated
Here is what the public data shows about Biconomy, ordered by how strongly each factor contributes to the score:
- Drawdown From All-Time High: Down 100% from its all-time high — among the deepest drawdowns we measure.
- Market Cap Risk: Market cap under $100M — moderate manipulation risk.
- Volume Anomaly: Volume at 40.0% of market cap — within normal range.
These are automated, opinion-based indicators from public data — not financial advice or an allegation of wrongdoing. See our methodology.
Risk Factor Breakdown
Each factor is scored independently and weighted to calculate the total risk score.
Drawdown From All-Time High
Price Action
25/25
100%
How far the price sits below its peak. Deep drawdowns are common to abandoned and post-collapse tokens, but also to assets in a prolonged bear market — on its own this measures price history, not conduct.
Volume Anomaly
Trading Signals
1/20
5%
Abnormal volume-to-market-cap ratio is the primary indicator of wash trading or liquidity traps
Market Cap Risk
Market Structure
3/15
20%
Small market caps can be trivially manipulated by a single large holder (whale)
Not contributing (4): Supply Structure, Price Volatility, On-Chain Holder Concentration, Transparency Gaps — 0 points.
Key Metrics
Protect Yourself
- • Never invest more than you can afford to lose entirely
- • Check token concentration — if top 10 wallets hold >50%, be cautious
- • Verify the team is public and doxxed
- • Read the smart contract audit before buying
- • Be wary of unrealistic APY promises
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Community Comments
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What the contract allows
Ethereum · measured 2026-09-09
Our contract source did not report on any of the 7 owner privileges we check for. What it did return for Biconomy is below — treat the unreported checks as unknown, not as absent.
Contract is upgradeable (proxy)
The logic behind this token can be replaced after deployment. This is a standard pattern used by many established protocols; it means a review of today’s code does not bind tomorrow’s.
Not answered by our source: change any wallet balance, pause all transfers, blacklist wallets, mint new tokens, ownership can be reclaimed after renouncing, contract has a hidden owner, contract can self-destruct. Treat these as unknown, not as absent.
Source code: published and verified, so the deployed bytecode can be independently reviewed.
Contract analysis from GoPlus Labs · verify on-chain. An upgradeable contract can change after this reading.
Biconomy holder-concentration history
2 daily measurements · +2.2 pts over the period
FraudCoins.com has measured the share of Biconomy’s supply held by its top 10 non-exchange wallets on 2 days since 8 Aug 2026. The highest reading was 44% on 9 Aug 2026; the most recent reading is 44% on 9 Aug 2026.
Composite risk score (0–100)
Recorded measurements (2)
| Date measured | Top 10 hold | Flagged |
|---|---|---|
| 44% | No | |
| 41.8% | No |
Each row is an automated measurement taken on the date shown, using public on-chain holder data with burn and labelled exchange, staking, bridge and liquidity wallets excluded. Historical readings describe what our model measured on that date — they are not statements about the project’s conduct then or now, and are not financial advice.
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Frequently asked questions about Biconomy
Is Biconomy a scam?
We do not allege that Biconomy (BICO) is a scam, and we have no evidence of wrongdoing by anyone associated with it. What we can tell you is what we measured: Its ten largest private wallets hold 44% of supply (exchange, staking, bridge and burn addresses excluded). That places it at 29/100 on our automated scale, which we label low risk. A high score means the asset has structural characteristics that have historically preceded losses — not that fraud has occurred. These are automated, opinion-based indicators from public market and on-chain data — not statements of fact, financial advice, or allegations of wrongdoing.
Why is Biconomy flagged as low risk?
Biconomy's risk score is driven mainly by: drawdown from all-time high — Down 100% from its all-time high — among the deepest drawdowns we measure; market cap risk — Market cap under $100M — moderate manipulation risk; volume anomaly — Volume at 40.0% of market cap — within normal range.
Who controls Biconomy's supply?
On-chain data shows the top 10 holders of Biconomy hold 44.0% of the supply (burn and labelled exchange, staking and liquidity wallets excluded). This is shown for transparency and sits below our 50% manipulation-flag threshold.
Is Biconomy safe to buy?
FraudCoins.com does not give buy or sell recommendations, and no cryptocurrency is safe. Biconomy scores 29/100 (low risk) on our automated risk model. Always do your own research and never invest more than you can afford to lose.