Is Magic Hash a scam?
EXTREME RISK · 71/100Magic Hash (MHA) has an automated risk score of 71/100 — extreme risk. Magic Hash reported 24-hour volume equal to 571% 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.
Automated assessment · updated 18 October 2026
Magic Hash
mhaEXTREME$0.004628
+1.60% (24h)
updating live price…
Risk Assessment
Risk Score
EXTREME RISK
Driven primarily by volume anomaly (20 of 20 points). Every contributing factor is itemised below.
measured 2026-10-18 · 6 factors evaluated
Here is what the public data shows about Magic Hash, ordered by how strongly each factor contributes to the score:
- Volume Anomaly: Volume is 571% of market cap — more than five times the whole market cap traded in a day, far outside the normal range.
- Supply Structure: Only 0.8% of supply is circulating — an estimated ~99% is not yet circulating, so future releases could dilute holders substantially.
- Drawdown From All-Time High: Down 92% from its all-time high — anyone who bought at the peak is far underwater.
- Market Cap Risk: Market cap under $1M — at this size small amounts of capital can move the price a long way.
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 24-hour volume exceeds the market cap. We measure the ratio only and cannot attribute it to any party
Very small market cap, so modest trades can move the price sharply
Most of the total supply is not yet circulating; future releases would dilute holders if demand does not grow with them
Risk Factor Breakdown
Each factor is scored independently and weighted to calculate the total risk score.
Drawdown From All-Time High
Price Action
20/25
80%
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
20/20
100%
24-hour volume compared with market cap. Very high turnover can reflect genuine news-driven trading or inflated volume; very low turnover means the price is rarely tested. We measure the ratio and cannot attribute it to any party.
Market Cap Risk
Market Structure
11/15
73%
Market capitalisation. The smaller the asset, the less capital it takes to move its price.
Supply Structure
Tokenomics
20/20
100%
Free float (circulating vs total/max supply). A low float means much of the supply has yet to reach the market, so the price is set by a small share of it and future releases could dilute holders. Estimated from reported supply; holder data read from the chain is scored separately.
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
Embed Risk Badge
Writing about this coin? Embed our risk badge — it updates automatically with each scan.
Community Comments
Loading comments…
Magic Hash holder-concentration history
0 dated measurements
FraudCoins.com has recorded 26 dated measurements for Magic Hash since 19 Sept 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 Magic Hash
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.
Track Magic Hash and 1,700+ other assets
One email when any coin newly crosses our 50% top-10 holder-concentration threshold. No account needed.
Confirmed opt-in, unsubscribe in one click. We don’t sell your data — see our privacy policy.
Frequently asked questions about Magic Hash
Is Magic Hash a scam?
We do not allege that Magic Hash (MHA) is a scam, and we have no evidence of wrongdoing by anyone associated with it. What we can tell you is what we measured: We have no on-chain holder measurement for it, so the score is based on market data alone. That places it at 71/100 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 Magic Hash flagged as extreme risk?
Magic Hash's risk score is driven mainly by: volume anomaly — Volume is 571% of market cap — more than five times the whole market cap traded in a day, far outside the normal range; supply structure — Only 0.8% of supply is circulating — an estimated ~99% is not yet circulating, so future releases could dilute holders substantially; drawdown from all-time high — Down 92% from its all-time high — anyone who bought at the peak is far underwater.
Is Magic Hash safe to buy?
FraudCoins.com does not give buy or sell recommendations, and no cryptocurrency is safe. Magic Hash scores 71/100 (extreme risk) on our automated risk model. Always do your own research and never invest more than you can afford to lose.