Is Celer Network a scam?
LOW RISK · 29/100Celer Network (CELR) has an automated risk score of 29/100 — low risk. No single factor dominates Celer Network's assessment — the score reflects several converging measurements. Down 99% from its all-time high — among the deepest drawdowns we measure. Market cap under $100M — mid-sized; large trades can still move the price.
Automated assessment · updated 21 October 2026
Celer Network
celrLOW RISK$0.002589
-1.13% (24h)
updating live price…
Risk Assessment
Risk Score
LOW RISK
Driven primarily by drawdown from all-time high (25 of 25 points). Every contributing factor is itemised below.
measured 2026-10-21 · 7 factors evaluated
Here is what the public data shows about Celer Network, ordered by how strongly each factor contributes to the score:
- Drawdown From All-Time High: Down 99% from its all-time high — among the deepest drawdowns we measure.
- Market Cap Risk: Market cap under $100M — mid-sized; large trades can still move the price.
- Volume Anomaly: Volume at 16.4% 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
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%
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
3/15
20%
Market capitalisation. The smaller the asset, the less capital it takes to move its price.
Not contributing (4): Supply Structure, Price Volatility, 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 2026-10-20
Celer Network’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 pause all transfers
Trading and transfers can be halted, locking holders in place.
Checked and not present: change any wallet balance, 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
Ten largest wallets
70.0%
including custodial
Largest private wallets
36.0%
after excluding 5
5 of Celer Network’s ten largest holders are labelled exchange, market-maker, treasury or vesting, liquidity-pool or DeFi-protocol, staking or vault, 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 34.0 points. We report the private-wallet figure because that is the supply someone can actually choose to sell today.
Most of Celer Network’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 |
|---|---|---|---|
| 0x8a4b…15ce | Staking or vault contract | Staking · Staking · Staking | 18.09% |
| 0xf977…acec | Exchange wallet | Binance · Binance: Hot Wallet 20 · HOT WALLET · Exchange · Binance 8 · | 13.00% |
| 0xa023…947e | Exchange wallet | Crypto.com 22 · Crypto.com 22 · Crypto.com · Exchange | 3.30% |
| 0x47ac…d503 | Exchange wallet | Binance · Binance: Binance-Peg Tokens · Binance: Cold Wallet · Cold Wa | 2.25% |
| 0xc080…dcd3 | Exchange wallet | Bithumb 451 · Bithumb 451 · Exchange | 2.13% |
Classification applied to the 100 holder records returned for this contract; 64 remained after exclusions · measured 2026-10-21. 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.
Celer Network holder-concentration history
2 dated measurements · +0.1 pts over the period
FraudCoins.com has measured the share of Celer Network’s supply held by its top 10 non-exchange wallets on 2 days since 10 Oct 2026. The highest reading was 36% on 21 Oct 2026; the most recent reading is 36% on 21 Oct 2026.
Composite risk score (0–100)
Recorded measurements (2)
| Date measured | Top 10 hold | Flagged |
|---|---|---|
| 36% | No | |
| 35.9% | 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 Celer Network
Is Celer Network a scam?
We do not allege that Celer Network (CELR) 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 36% of supply (exchange, staking, bridge and burn addresses excluded). That places it at 29/100 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 Celer Network flagged as low risk?
Celer Network's risk score is driven mainly by: drawdown from all-time high — Down 99% from its all-time high — among the deepest drawdowns we measure; market cap risk — Market cap under $100M — mid-sized; large trades can still move the price; volume anomaly — Volume at 16.4% of market cap — within normal range.
Who controls Celer Network's supply?
On-chain data shows the top 10 holders of Celer Network hold 36.0% of the supply (burn and labelled exchange, staking and liquidity wallets excluded). This is shown for transparency and sits below our flag threshold.
Is Celer Network safe to buy?
FraudCoins.com does not give buy or sell recommendations, and no cryptocurrency is safe. Celer Network scores 29/100 (low risk) on our automated risk model. Always do your own research and never invest more than you can afford to lose.