Is Vana a scam?
MEDIUM RISK · 42/100Vana (VANA) has an automated risk score of 42/100 — medium risk. Vana has a dangerously concentrated supply: only ~26% is in free float, meaning an estimated ~74% is controlled by a small number of wallets. This is the setup behind single-hand price manipulation — pinning the price to drain leveraged traders before an abrupt dump.
Automated assessment · updated 31 August 2026
Vana
vanaMEDIUM$0.8998
-7.01% (24h)
updating live price…
Risk Assessment
Risk Score
MEDIUM RISK
Driven primarily by drawdown from all-time high (25 of 25 points). Every contributing factor is itemised below.
measured 2026-08-31 · 7 factors evaluated
Here is what the public data shows about Vana, ordered by how strongly each factor contributes to the score:
- Drawdown From All-Time High: Down 97% from its all-time high — among the deepest drawdowns we measure.
- Supply Structure: 25.7% circulating (~74% off-market) — significant future unlocks and concentration risk.
- Market Cap Risk: Market cap under $100M — moderate manipulation risk.
- Price Volatility: 7.0% swing in 24h — moderate volatility.
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.
A small number of insider/team wallets control most of the supply (very low free float). This allows single-hand price control — pinning the price high to drain leveraged short positions via funding, then dumping the entire position for a sudden 90%+ collapse
Risk Factor Breakdown
Each factor is scored independently and weighted to calculate the total risk score.
Drawdown From All-Time High
Price Action
25/25
100%
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
Market Cap Risk
Market Structure
3/15
20%
Small market caps can be trivially manipulated by a single large holder (whale)
Supply Structure
Tokenomics
11/20
55%
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
2/15
13%
Extreme short-term price swings are a hallmark of coordinated pump-and-dump schemes
Not contributing (2): 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
Ethereum · measured 2026-09-11
We checked Vana’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 Vana’s ten largest holders matched a labelled exchange, market-maker, treasury or vesting, liquidity-pool, staking, bridge, multisig or burn address, so the 67.3% 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.
Vana holder-concentration history
1 daily measurement · +0 pts over the period
FraudCoins.com has measured the share of Vana’s supply held by its top 10 non-exchange wallets on 1 day since 31 Aug 2026. The highest reading was 67.3% on 31 Aug 2026; the most recent reading is 67.3% on 31 Aug 2026.
Composite risk score (0–100)
Recorded measurements (1)
| Date measured | Top 10 hold | Flagged |
|---|---|---|
| 67.3% | 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 Vana
Is Vana a scam?
We do not allege that Vana (VANA) 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 67.3% of supply (exchange, staking, bridge and burn addresses excluded). That places it at 42/100 on our automated scale, which we label medium 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 Vana flagged as medium risk?
Vana's risk score is driven mainly by: drawdown from all-time high — Down 97% from its all-time high — among the deepest drawdowns we measure; supply structure — 25.7% circulating (~74% off-market) — significant future unlocks and concentration risk; market cap risk — Market cap under $100M — moderate manipulation risk.
Who controls Vana's supply?
On-chain data shows the top 10 holders of Vana hold 67.3% 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 Vana safe to buy?
FraudCoins.com does not give buy or sell recommendations, and no cryptocurrency is safe. Vana scores 42/100 (medium risk) on our automated risk model. Always do your own research and never invest more than you can afford to lose.