Is Checkmate a scam?
LOW RISK · 29/100Checkmate (CHECK) has an automated risk score of 29/100 — low risk. Checkmate has a dangerously concentrated supply: only ~33% is in free float, meaning an estimated ~67% is controlled by a small number of wallets. This is the setup behind single-hand price manipulation — pinning the price to drain leveraged traders before an abrupt dump. Down 82% from ATH — major decline, recovery is highly unlikely. Market cap under $10M — highly susceptible to whale manipulation.
Automated assessment · updated 1 August 2026
Checkmate
checkLOW RISK$0.0192
+0.10% (24h)
updating live price…
Risk Assessment
Risk Score
LOW RISK
Checkmate has a dangerously concentrated supply: only ~33% is in free float, meaning an estimated ~67% is controlled by a small number of wallets. This is the setup behind single-hand price manipulation — pinning the price to drain leveraged traders before an abrupt dump. Down 82% from ATH — major decline, recovery is highly unlikely. Market cap under $10M — highly susceptible to whale manipulation.
Here is what the public data shows about Checkmate, ordered by how strongly each factor contributes to the score:
- Price Collapse: Down 82% from ATH — major decline, recovery is highly unlikely.
- Market Cap Risk: Market cap under $10M — highly susceptible to whale manipulation.
- Supply Structure: Over half the supply (~67%) is held off-market — a single coordinated seller can dictate the price.
- Volume Anomaly: Volume at 40.8% 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.
Why this asset is flagged as high-risk
The patterns below are automated, opinion-based observations from public market data. They describe statistical risk indicators — not proof of wrongdoing by any project or person.
A small number of insider/team wallets control most of the supply (very low free float). This allows single-hand price control — pinning the price high to drain leveraged short positions via funding, then dumping the entire position for a sudden 90%+ collapse
Risk Factor Breakdown
Each factor is scored independently and weighted to calculate the total risk score.
Price Collapse
Price Action
14/25
56%
Severe ATH drawdown signals exit scams, abandoned projects, or post-pump dumps
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
7/15
47%
Small market caps can be trivially manipulated by a single large holder (whale)
Supply Structure
Tokenomics
7/20
35%
Free float (circulating vs total/max supply). A low float means both future dilution from locked reserves and concentration enabling single-hand price control (estimated; verified holder data is scored separately).
Price Volatility
Price Action
0/15
0%
Extreme short-term price swings are a hallmark of coordinated pump-and-dump schemes
Transparency Gaps
Transparency
0/10
0%
Legitimate projects have verifiable public websites, whitepapers, and open-source code
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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Checkmate holder-concentration history
0 daily measurements
FraudCoins.com has recorded 4 daily measurements for Checkmate since 29 Jul 2026.
Composite risk score (0–100)
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.
No on-chain holder measurement for Checkmate
The score above is derived from public market data only. We have not measured this asset’s top-10 holder concentration — our on-chain scan covers ERC-20-style tokens on seven EVM chains above $50M market cap, so native coins (such as Bitcoin) and tokens on unsupported chains are out of scope. The absence of a concentration figure is not a clean bill of health — it means the check was not performed.
You can run the same analysis yourself on any contract address with our free token checker, or read exactly what we measure in the methodology.
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Frequently asked questions about Checkmate
Is Checkmate a scam?
Checkmate (CHECK) carries an automated risk score of 29/100, rated low risk by FraudCoins.com. Checkmate has a dangerously concentrated supply: only ~33% is in free float, meaning an estimated ~67% is controlled by a small number of wallets. This is the setup behind single-hand price manipulation — pinning the price to drain leveraged traders before an abrupt dump. Down 82% from ATH — major decline, recovery is highly unlikely. Market cap under $10M — highly susceptible to whale manipulation. 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 Checkmate flagged as low risk?
Checkmate's risk score is driven mainly by: price collapse — Down 82% from ATH — major decline, recovery is highly unlikely; market cap risk — Market cap under $10M — highly susceptible to whale manipulation; supply structure — Over half the supply (~67%) is held off-market — a single coordinated seller can dictate the price.
Is Checkmate safe to buy?
FraudCoins.com does not give buy or sell recommendations, and no cryptocurrency is safe. Checkmate 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.