Is FOLKS a scam?
EXTREME RISK · 77/100FOLKS (FOLKS) has an automated risk score of 77/100 — extreme risk. FOLKS is controlled by a very small number of wallets: On-chain: the top 10 holders control 93.5% of supply (burn and labelled exchange/staking/LP wallets excluded; team/vesting contracts counted) — extreme concentration that allows single-hand price control. With this little distribution, the price can be pinned and dumped at will — the defining trait of a market-manipulation token. Down 96% from its all-time high — among the deepest drawdowns we measure. Very low volume (1.75% of MCap) — limited liquidity trap risk.
Automated assessment · updated 30 August 2026
FOLKS
folksEXTREME$2.020
+2.24% (24h)
updating live price…
Risk Assessment
Risk Score
EXTREME RISK
Driven primarily by drawdown from all-time high (25 of 25 points). Every contributing factor is itemised below.
measured 2026-08-30 · 7 factors evaluated
Here is what the public data shows about FOLKS, ordered by how strongly each factor contributes to the score:
- Drawdown From All-Time High: Down 96% from its all-time high — among the deepest drawdowns we measure.
- On-Chain Holder Concentration: On-chain: the top 10 holders control 93.5% of supply (burn and labelled exchange/staking/LP wallets excluded; team/vesting contracts counted) — extreme concentration that allows single-hand price control.
- Volume Anomaly: Very low volume (1.75% of MCap) — limited liquidity trap risk.
- Supply Structure: Over half the supply (~64%) is held off-market — a single coordinated seller can dictate the price.
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.
Price is far below its all-time high while trading with very little liquidity — a pattern common to collapsed and dormant tokens, and also to assets in a long bear market
Very low trading activity relative to size. We measure market data only and do not assess development activity
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
Verified on-chain: after excluding burn and labelled exchange, staking and liquidity wallets (team/vesting contracts are counted), the top 10 holders control more than half of the supply. This is direct evidence that a handful of wallets can dictate the price and dump it at will
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
8/20
40%
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)
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).
On-Chain Holder Concentration
Tokenomics
22/22
100%
Verified holder data. Burn and labelled exchange, staking, bridge and LP wallets are excluded; unlabelled contracts (often team/vesting multisigs) are counted. Over 50% in the top 10 enables single-hand price control.
Not contributing (2): Price Volatility, 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 2026-09-10
Our contract source did not report on any of the 7 owner privileges we check for. What it did return for FOLKS 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.
How we counted holders here
Ten largest wallets
93.9%
including custodial
Largest private wallets
93.5%
after excluding 1
1 of FOLKS’s ten largest holders is a labelled exchange, market-maker, treasury or vesting, liquidity-pool, staking, bridge, multisig or burn address — supply that is custodied, pooled or destroyed rather than sitting in one person’s wallet. Separating it out moves the top-10 figure by 0.4 points. We report the private-wallet figure because that is the supply someone can actually choose to sell today.
Wallets excluded from the top 10
| Address | Classified as | Label | Share |
|---|---|---|---|
| 0x0000…8a90 | Liquidity pool | Uniswap · Uniswap v4 | 0.51% |
Classification applied to the 100 holder records returned for this contract; 99 remained after exclusions · measured 2026-08-30. Custodial wallets are identified by public address labels, so an unlabelled one may still be counted as private — this correction is a floor, not a guarantee.
FOLKS holder-concentration history
1 daily measurement · +0 pts over the period
FraudCoins.com has measured the share of FOLKS’s supply held by its top 10 non-exchange wallets on 1 day since 30 Aug 2026. The highest reading was 93.5% on 30 Aug 2026; the most recent reading is 93.5% on 30 Aug 2026.
Composite risk score (0–100)
Recorded measurements (1)
| Date measured | Top 10 hold | Flagged |
|---|---|---|
| 93.5% | Yes |
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 FOLKS
Is FOLKS a scam?
We do not allege that FOLKS (FOLKS) 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 93.5% of supply (exchange, staking, bridge and burn addresses excluded). That places it at 77/100 on our automated scale, which we label extreme 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 FOLKS flagged as extreme risk?
FOLKS's risk score is driven mainly by: drawdown from all-time high — Down 96% from its all-time high — among the deepest drawdowns we measure; on-chain holder concentration — On-chain: the top 10 holders control 93.5% of supply (burn and labelled exchange/staking/LP wallets excluded; team/vesting contracts counted) — extreme concentration that allows single-hand price control; volume anomaly — Very low volume (1.75% of MCap) — limited liquidity trap risk.
Who controls FOLKS's supply?
On-chain data shows the top 10 holders of FOLKS control 93.5% of the supply, after excluding burn and labelled exchange, staking, bridge and liquidity wallets. At that level, a small number of wallets can move the price at will and sell their position at once.
Is FOLKS safe to buy?
FraudCoins.com does not give buy or sell recommendations, and no cryptocurrency is safe. FOLKS scores 77/100 (extreme risk) on our automated risk model. Always do your own research and never invest more than you can afford to lose.