Is ETHGas a scam?
EXTREME RISK · 78/100ETHGas (GWEI) has an automated risk score of 78/100 — extreme risk. ETHGas has highly concentrated ownership: On-chain: the top 10 holders control 95.3% of supply (burn and labelled exchange/staking/LP wallets excluded; team/vesting contracts counted) — at this level a few wallets hold enough supply to move the price on their own. That is a measurement of who holds the supply, not a finding about how any holder has acted or will act. Down 92% from its all-time high — anyone who bought at the peak is far underwater. 19.8% circulating (~80% off-market) — a large share is still to be released.
Automated assessment · updated 13 October 2026
ETHGas
gweiEXTREME$0.0202
-8.14% (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 2026-10-13 · 7 factors evaluated
Here is what the public data shows about ETHGas, ordered by how strongly each factor contributes to the score:
- On-Chain Holder Concentration: On-chain: the top 10 holders control 95.3% of supply (burn and labelled exchange/staking/LP wallets excluded; team/vesting contracts counted) — at this level a few wallets hold enough supply to move the price on their own.
- Drawdown From All-Time High: Down 92% from its all-time high — anyone who bought at the peak is far underwater.
- Supply Structure: 19.8% circulating (~80% off-market) — a large share is still to be released.
- Market Cap Risk: Market cap under $100M — mid-sized; large trades can still move the price.
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 share of total supply is circulating (estimated from reported supply figures, not from holder data). The price is set by that small share
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. At that level ten wallets hold enough supply to move the price on their own; this measures holdings, not conduct
Risk Factor Breakdown
Each factor is scored independently and weighted to calculate the total risk score.
Drawdown From All-Time High
Price Action
20/25
80%
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.
Supply Structure
Tokenomics
11/20
55%
Free float (circulating vs total/max supply). A low float means much of the supply has yet to reach the market, so the price is set by a small share of it and future releases could dilute holders. Estimated from reported supply; holder data read from the chain is scored separately.
Price Volatility
Price Action
2/15
13%
24-hour price change. Large one-day moves happen for many reasons, including news and thin liquidity; this measures the size of the move, not its cause.
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. Above the flag threshold, ten wallets hold enough supply to move the price on their own.
Not contributing (1): 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 2026-10-14
We checked ETHGas’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
Ten largest wallets
95.9%
including custodial
Largest private wallets
95.3%
after excluding 1
1 of ETHGas’s ten largest holders is a labelled exchange, market-maker, treasury or vesting, liquidity-pool or DeFi-protocol, staking or vault, bridge, multisig or burn address — supply that is custodied, pooled or destroyed rather than sitting in one person’s wallet. Separating it out moves the top-10 figure by 0.6 points. We report the private-wallet figure because that is the supply someone can actually choose to sell today.
Wallets excluded from the top 10
| Address | Classified as | Label | Share |
|---|---|---|---|
| 0x3ee1…a585 | Bridge contract | Wormhole · Wormhole: Token Bridge · Bridge · Wormhole · TokenBridge | 1.37% |
Classification applied to the 100 holder records returned for this contract; 79 remained after exclusions · measured 2026-10-13. 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.
ETHGas holder-concentration history
11 dated measurements · +0.8 pts over the period
FraudCoins.com has measured the share of ETHGas’s supply held by its top 10 non-exchange wallets on 11 days since 18 Jul 2026. The highest reading was 96.4% on 13 Aug 2026; the most recent reading is 95.3% on 13 Oct 2026.
Composite risk score (0–100)
Recorded measurements (11)
| Date measured | Top 10 hold | Flagged |
|---|---|---|
| 95.3% | Yes | |
| 96.2% | Yes | |
| 96.3% | Yes | |
| 96.2% | Yes | |
| 96.4% | Yes | |
| 96.3% | Yes | |
| 96% | Yes | |
| 95.9% | Yes | |
| 95% | Yes | |
| 94.7% | Yes | |
| 94.5% | 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 ETHGas
Is ETHGas a scam?
We do not allege that ETHGas (GWEI) 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 95.3% of supply (exchange, staking, bridge and burn addresses excluded). That places it at 78/100 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 ETHGas flagged as extreme risk?
ETHGas's risk score is driven mainly by: on-chain holder concentration — On-chain: the top 10 holders control 95.3% of supply (burn and labelled exchange/staking/LP wallets excluded; team/vesting contracts counted) — at this level a few wallets hold enough supply to move the price on their own; drawdown from all-time high — Down 92% from its all-time high — anyone who bought at the peak is far underwater; supply structure — 19.8% circulating (~80% off-market) — a large share is still to be released.
Who controls ETHGas's supply?
On-chain data shows the top 10 holders of ETHGas control 95.3% of the supply, after excluding burn and labelled exchange, staking, bridge and liquidity wallets. At that level ten wallets hold enough supply to move the price on their own. This measures holdings, not how any holder has acted.
Is ETHGas safe to buy?
FraudCoins.com does not give buy or sell recommendations, and no cryptocurrency is safe. ETHGas scores 78/100 (extreme risk) on our automated risk model. Always do your own research and never invest more than you can afford to lose.