Is dYdX a scam?
EXTREME RISK · 73/100dYdX (ETHDYDX) has an automated risk score of 73/100 — extreme risk. dYdX reported 24-hour volume equal to 469% of its entire market capitalisation. Turnover above 100% of market cap is frequently associated with inflated or recycled volume; we measure the ratio only and cannot attribute it to any party. Down 100% from ATH — catastrophic collapse indicating likely exit scam. Only 0.6% of supply is circulating — an estimated ~99% is locked/insider-held, implying both an inevitable dilution wave and single-hand price control.
Automated assessment · updated 1 August 2026
dYdX
ethdydxEXTREME$0.1122
+2.10% (24h)
updating live price…
Risk Assessment
Risk Score
EXTREME RISK
dYdX reported 24-hour volume equal to 469% of its entire market capitalisation. Turnover above 100% of market cap is frequently associated with inflated or recycled volume; we measure the ratio only and cannot attribute it to any party. Down 100% from ATH — catastrophic collapse indicating likely exit scam. Only 0.6% of supply is circulating — an estimated ~99% is locked/insider-held, implying both an inevitable dilution wave and single-hand price control.
Here is what the public data shows about dYdX, ordered by how strongly each factor contributes to the score:
- Price Collapse: Down 100% from ATH — catastrophic collapse indicating likely exit scam.
- Supply Structure: Only 0.6% of supply is circulating — an estimated ~99% is locked/insider-held, implying both an inevitable dilution wave and single-hand price control.
- Volume Anomaly: Volume is 469% of market cap — strong wash trading signals.
- Market Cap Risk: Market cap under $1M — trivially easy to manipulate with small capital.
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.
Reported volume is disproportionate to market cap — a pattern frequently associated with inflated or recycled volume
Tiny market cap makes the coin trivially easy for whales to manipulate
Massive unreleased token supply will continuously dilute existing holders' value
Risk Factor Breakdown
Each factor is scored independently and weighted to calculate the total risk score.
Price Collapse
Price Action
25/25
100%
Severe ATH drawdown signals exit scams, abandoned projects, or post-pump dumps
Volume Anomaly
Trading Signals
17/20
85%
Abnormal volume-to-market-cap ratio is the primary indicator of wash trading or liquidity traps
Market Cap Risk
Market Structure
11/15
73%
Small market caps can be trivially manipulated by a single large holder (whale)
Supply Structure
Tokenomics
20/20
100%
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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dYdX holder-concentration history
0 daily measurements
FraudCoins.com has recorded 4 daily measurements for dYdX 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 dYdX
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 dYdX
Is dYdX a scam?
dYdX (ETHDYDX) carries an automated risk score of 73/100, rated extreme risk by FraudCoins.com. dYdX reported 24-hour volume equal to 469% of its entire market capitalisation. Turnover above 100% of market cap is frequently associated with inflated or recycled volume; we measure the ratio only and cannot attribute it to any party. Down 100% from ATH — catastrophic collapse indicating likely exit scam. Only 0.6% of supply is circulating — an estimated ~99% is locked/insider-held, implying both an inevitable dilution wave and single-hand price control. 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 dYdX flagged as extreme risk?
dYdX's risk score is driven mainly by: price collapse — Down 100% from ATH — catastrophic collapse indicating likely exit scam; supply structure — Only 0.6% of supply is circulating — an estimated ~99% is locked/insider-held, implying both an inevitable dilution wave and single-hand price control; volume anomaly — Volume is 469% of market cap — strong wash trading signals.
Is dYdX safe to buy?
FraudCoins.com does not give buy or sell recommendations, and no cryptocurrency is safe. dYdX scores 73/100 (extreme risk) on our automated risk model. Always do your own research and never invest more than you can afford to lose.