Is FONQ a scam?
EXTREME RISK · 78/100FONQ (FONQ) has an automated risk score of 78/100 — extreme risk. FONQ is controlled by a very small number of wallets: On-chain: the top 10 holders control 96.5% 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. Near-zero volume (0.10% of MCap) — coin is effectively illiquid, exit is nearly impossible. Market cap under $100M — moderate manipulation risk.
Automated assessment · updated 31 August 2026
FONQ
fonqEXTREME$0.0759
-1.39% (24h)
updating live price…
Risk Assessment
Risk Score
EXTREME RISK
Driven primarily by on-chain holder concentration (22 of 22 points). Every contributing factor is itemised below.
measured 2026-08-31 · 7 factors evaluated
Here is what the public data shows about FONQ, ordered by how strongly each factor contributes to the score:
- On-Chain Holder Concentration: On-chain: the top 10 holders control 96.5% of supply (burn and labelled exchange/staking/LP wallets excluded; team/vesting contracts counted) — extreme concentration that allows single-hand price control.
- Volume Anomaly: Near-zero volume (0.10% of MCap) — coin is effectively illiquid, exit is nearly impossible.
- Market Cap Risk: Market cap under $100M — moderate manipulation risk.
- Drawdown From All-Time High: Down 15% from its all-time high — within normal speculative 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.
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
2/25
8%
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
15/20
75%
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)
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 (3): Supply Structure, 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 2026-09-09
We checked FONQ’s deployed contract for all 7 owner privileges below and found none of them. This describes the code only — it says nothing about the team, the treasury, or how the supply is distributed.
Checked and not present: 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.
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
None of FONQ’s ten largest holders matched a labelled exchange, market-maker, treasury or vesting, liquidity-pool, staking, bridge, multisig or burn address, so the 96.5% we report is simply the plain top-10 share. On many tokens a large share of supply sits in custodial or burn addresses and has to be separated out first; on this one it does not.
Classification applied to the 100 holder records returned for this contract; 99 remained after exclusions · measured 2026-08-31. 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.
FONQ holder-concentration history
4 daily measurements · +0 pts over the period
FraudCoins.com has measured the share of FONQ’s supply held by its top 10 non-exchange wallets on 4 days since 31 Jul 2026. The highest reading was 96.5% on 31 Jul 2026; the most recent reading is 96.5% on 31 Aug 2026.
Composite risk score (0–100)
Recorded measurements (4)
| Date measured | Top 10 hold | Flagged |
|---|---|---|
| 96.5% | Yes | |
| 96.5% | Yes | |
| 96.5% | Yes | |
| 96.5% | 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 FONQ
Is FONQ a scam?
We do not allege that FONQ (FONQ) 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 96.5% of supply (exchange, staking, bridge and burn addresses excluded). That places it at 78/100 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 FONQ flagged as extreme risk?
FONQ's risk score is driven mainly by: on-chain holder concentration — On-chain: the top 10 holders control 96.5% of supply (burn and labelled exchange/staking/LP wallets excluded; team/vesting contracts counted) — extreme concentration that allows single-hand price control; volume anomaly — Near-zero volume (0.10% of MCap) — coin is effectively illiquid, exit is nearly impossible; market cap risk — Market cap under $100M — moderate manipulation risk.
Who controls FONQ's supply?
On-chain data shows the top 10 holders of FONQ control 96.5% 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 FONQ safe to buy?
FraudCoins.com does not give buy or sell recommendations, and no cryptocurrency is safe. FONQ scores 78/100 (extreme risk) on our automated risk model. Always do your own research and never invest more than you can afford to lose.