Is Useless Coin a scam?
LOW RISK · 24/100Useless Coin (USELESS) has an automated risk score of 24/100 — low risk. Useless Coin has received a risk score of 24/100 based on multiple converging risk factors. Down 88% from ATH — severe collapse, most investors are deeply underwater. Market cap under $100M — moderate manipulation risk.
Automated assessment · updated 1 August 2026
Useless Coin
uselessLOW RISK$0.0506
-2.10% (24h)
updating live price…
Risk Assessment
Risk Score
LOW RISK
Useless Coin has received a risk score of 24/100 based on multiple converging risk factors. Down 88% from ATH — severe collapse, most investors are deeply underwater. Market cap under $100M — moderate manipulation risk.
Here is what the public data shows about Useless Coin, ordered by how strongly each factor contributes to the score:
- Price Collapse: Down 88% from ATH — severe collapse, most investors are deeply underwater.
- Market Cap Risk: Market cap under $100M — moderate manipulation risk.
- Volume Anomaly: Volume at 10.2% of market cap — within normal range.
These are automated, opinion-based indicators from public data — not financial advice or an allegation of wrongdoing. See our methodology.
Risk Factor Breakdown
Each factor is scored independently and weighted to calculate the total risk score.
Price Collapse
Price Action
20/25
80%
Severe ATH drawdown signals exit scams, abandoned projects, or post-pump dumps
Volume Anomaly
Trading Signals
1/20
5%
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
0/20
0%
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
On-Chain Holder Concentration
Tokenomics
0/22
0%
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.
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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Community Comments
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Useless Coin holder-concentration history
14 daily measurements · -6.3 pts over the period
FraudCoins.com has measured the share of Useless Coin’s supply held by its top 10 non-exchange wallets on 14 days since 18 Jul 2026. The highest reading was 10.4% on 29 Jul 2026; the most recent reading is 9% on 1 Aug 2026.
Composite risk score (0–100)
Recorded measurements (14)
| Date measured | Top 10 hold | Above 50% threshold |
|---|---|---|
| 9% | No | |
| 9.3% | No | |
| 9.7% | No | |
| 10.4% | No | |
| 10.9% | No | |
| 11.5% | No | |
| 11.3% | No | |
| 10.1% | No | |
| 11.6% | No | |
| 11.8% | No | |
| 12.1% | No | |
| 12.1% | No |
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 Useless Coin
Is Useless Coin a scam?
Useless Coin (USELESS) carries an automated risk score of 24/100, rated low risk by FraudCoins.com. Useless Coin has received a risk score of 24/100 based on multiple converging risk factors. Down 88% from ATH — severe collapse, most investors are deeply underwater. Market cap under $100M — moderate manipulation risk. 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 Useless Coin flagged as low risk?
Useless Coin's risk score is driven mainly by: price collapse — Down 88% from ATH — severe collapse, most investors are deeply underwater; market cap risk — Market cap under $100M — moderate manipulation risk; volume anomaly — Volume at 10.2% of market cap — within normal range.
Who controls Useless Coin's supply?
On-chain data shows the top 10 holders of Useless Coin hold 9.0% of the supply (burn and labelled exchange, staking and liquidity wallets excluded). This is shown for transparency and sits below our 50% manipulation-flag threshold.
Is Useless Coin safe to buy?
FraudCoins.com does not give buy or sell recommendations, and no cryptocurrency is safe. Useless Coin scores 24/100 (low risk) on our automated risk model. Always do your own research and never invest more than you can afford to lose.