Is Useless Coin a scam?
LOW RISK · 5/100Useless Coin (USELESS) has an automated risk score of 5/100 — low risk. No single factor dominates Useless Coin's assessment — the score reflects several converging measurements. 13.0% swing in 24h — moderate volatility. Down 48% from its all-time high — within normal speculative range.
Automated assessment · updated 31 August 2026
Useless Coin
uselessLOW RISK$0.2248
+13.02% (24h)
updating live price…
Risk Assessment
Risk Score
LOW RISK
Driven primarily by price volatility (2 of 15 points). Every contributing factor is itemised below.
measured 2026-08-31 · 7 factors evaluated
Here is what the public data shows about Useless Coin, ordered by how strongly each factor contributes to the score:
- Price Volatility: 13.0% swing in 24h — moderate volatility.
- Drawdown From All-Time High: Down 48% from its all-time high — within normal speculative range.
- Volume Anomaly: Volume at 17.7% 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.
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
1/20
5%
Abnormal volume-to-market-cap ratio is the primary indicator of wash trading or liquidity traps
Price Volatility
Price Action
2/15
13%
Extreme short-term price swings are a hallmark of coordinated pump-and-dump schemes
Not contributing (4): Market Cap Risk, Supply Structure, On-Chain Holder Concentration, 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
BNB Chain · measured 2026-09-15
Useless Coin’s deployed contract grants its owner 1 privilege that can affect your position. These are properties of the code itself, not allegations about anyone’s conduct — many legitimate projects retain them deliberately.
Owner can mint new tokens
Supply is not fixed; new tokens can be created, diluting existing holders.
Checked and not present: change any wallet balance, pause all transfers, blacklist wallets, 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
Ten largest wallets
89.8%
including custodial
Largest private wallets
9.1%
after excluding 2
2 of Useless Coin’s ten largest holders are labelled exchange, market-maker, treasury or vesting, liquidity-pool, staking, bridge, multisig or burn addresses — supply that is custodied, pooled or destroyed rather than sitting in one person’s wallet. Separating them out moves the top-10 figure by 80.7 points. We report the private-wallet figure because that is the supply someone can actually choose to sell today.
Most of Useless Coin’s supply therefore sits in the excluded addresses. Burned supply is permanently gone, but treasury, vesting and foundation holdings are excluded too, and those can still reach the market when they unlock — a low private-wallet figure is not the same as a low future sell-side risk.
Wallets excluded from the top 10
| Address | Classified as | Label | Share |
|---|---|---|---|
| 0x73d8…46db | Exchange wallet | Binance Wallet · Binance Wallet: Proxy (EIP-1967 Transparent) | 59.51% |
| 0x1b87…6b6b | Liquidity pool | PancakeSwap · PancakeSwap: V3 Pool | 22.00% |
Classification applied to the 100 holder records returned for this contract; 98 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.
Useless Coin holder-concentration history
22 daily measurements · -6.2 pts over the period
FraudCoins.com has measured the share of Useless Coin’s supply held by its top 10 non-exchange wallets on 22 days since 18 Jul 2026. The highest reading was 15.3% on 18 Jul 2026; the most recent reading is 9.1% on 31 Aug 2026.
Composite risk score (0–100)
Recorded measurements (22)
| Date measured | Top 10 hold | Flagged |
|---|---|---|
| 9.1% | No | |
| 9% | No | |
| 9% | No | |
| 10.4% | No | |
| 9.6% | No | |
| 9.3% | No | |
| 10.5% | No | |
| 11% | No | |
| 10% | No | |
| 9.1% | No | |
| 9% | No | |
| 9.3% | 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?
We do not allege that Useless Coin (USELESS) 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 9.1% of supply (exchange, staking, bridge and burn addresses excluded). That places it at 5/100 on our automated scale, which we label low 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 Useless Coin flagged as low risk?
Useless Coin's risk score is driven mainly by: price volatility — 13.0% swing in 24h — moderate volatility; drawdown from all-time high — Down 48% from its all-time high — within normal speculative range; volume anomaly — Volume at 17.7% of market cap — within normal range.
Who controls Useless Coin's supply?
On-chain data shows the top 10 holders of Useless Coin hold 9.1% 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 5/100 (low risk) on our automated risk model. Always do your own research and never invest more than you can afford to lose.