Is Spark USDC a scam?
EXTREME RISK · 74/100Spark USDC (SUSDC) has an automated risk score of 74/100 — extreme risk. Spark USDC is controlled by a very small number of wallets: On-chain: the top 10 holders control 88.5% 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 (0.00% of MCap) — coin is effectively illiquid, exit is nearly impossible. Down 0% from its all-time high — within normal speculative range.
Automated assessment · updated 23 July 2026
Spark USDC
susdcEXTREME$1.110
0.00% (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 2026-07-23 · 7 factors evaluated
Here is what the public data shows about Spark USDC, ordered by how strongly each factor contributes to the score:
- On-Chain Holder Concentration: On-chain: the top 10 holders control 88.5% 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 (0.00% of MCap) — coin is effectively illiquid, exit is nearly impossible.
- Drawdown From All-Time High: Down 0% 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
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 (4): Market Cap Risk, 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 2026-09-13
Our contract source did not report on any of the 7 owner privileges we check for. What it did return for Spark USDC 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.
Spark USDC holder-concentration history
5 daily measurements · +4.8 pts over the period
FraudCoins.com has measured the share of Spark USDC’s supply held by its top 10 non-exchange wallets on 5 days since 18 Jul 2026. The highest reading was 88.5% on 23 Jul 2026; the most recent reading is 88.5% on 23 Jul 2026.
Composite risk score (0–100)
Recorded measurements (5)
| Date measured | Top 10 hold | Flagged |
|---|---|---|
| 88.5% | Yes | |
| 86.4% | Yes | |
| 84.9% | Yes | |
| 85.2% | Yes | |
| 83.7% | 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 Spark USDC
Is Spark USDC a scam?
We do not allege that Spark USDC (SUSDC) 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 88.5% of supply (exchange, staking, bridge and burn addresses excluded). That places it at 74/100 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 Spark USDC flagged as extreme risk?
Spark USDC's risk score is driven mainly by: on-chain holder concentration — On-chain: the top 10 holders control 88.5% 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 (0.00% of MCap) — coin is effectively illiquid, exit is nearly impossible; drawdown from all-time high — Down 0% from its all-time high — within normal speculative range.
Who controls Spark USDC's supply?
On-chain data shows the top 10 holders of Spark USDC control 88.5% 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 Spark USDC safe to buy?
FraudCoins.com does not give buy or sell recommendations, and no cryptocurrency is safe. Spark USDC scores 74/100 (extreme risk) on our automated risk model. Always do your own research and never invest more than you can afford to lose.