Is Pundi X a scam?
LOW RISK · 29/100Pundi X (PUNDIX) has an automated risk score of 29/100 — low risk. Pundi X is down 99% from its all-time high and is trading with very little liquidity relative to its size. That combination is common to abandoned and post-collapse tokens, but it also describes assets in a prolonged bear market — it is not evidence of any wrongdoing by anyone.
Automated assessment · updated 21 October 2026
Pundi X
pundixLOW RISK$0.1002
+2.01% (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 Pundi X, 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 3.6% 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.
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.
Price is far below its all-time high while trading with very little liquidity — a pattern common to collapsed and dormant tokens, and also to assets in a long bear market
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
Our contract source did not report on any of the 7 owner privileges we check for. What it did return for Pundi X is below — treat the unreported checks as unknown, not as absent.
Contract is upgradeable (proxy)
The logic behind this token can be replaced after deployment. This is a standard pattern used by many established protocols; it means a review of today’s code does not bind tomorrow’s.
Not answered by our source: 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. Treat these as unknown, not as absent.
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
84.1%
including custodial
Largest private wallets
61.5%
after excluding 4
4 of Pundi X’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 22.6 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 |
|---|---|---|---|
| 0xf977…acec | Exchange wallet | Binance · Binance: Hot Wallet 20 · HOT WALLET · Exchange · Binance 8 · | 16.94% |
| 0xd11b…fd51 | Exchange wallet | Bithumb 176 · Exchange · Bithumb 176 | 5.98% |
| 0xab78…e1bc | Exchange wallet | Bitvavo: Hot 3 · Bitvavo: Hot 3 · Exchange · Bitvavo | 0.88% |
| 0xa9d1…3e43 | Exchange wallet | Coinbase Exchange · Coinbase Exchange: Hot Wallet · Exchange Gateway 10 · HOT WA | 0.76% |
Classification applied to the 100 holder records returned for this contract; 79 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.
Pundi X holder-concentration history
2 dated measurements · -0.4 pts over the period
FraudCoins.com has measured the share of Pundi X’s supply held by its top 10 non-exchange wallets on 2 days since 10 Oct 2026. The highest reading was 61.9% on 10 Oct 2026; the most recent reading is 61.5% on 21 Oct 2026.
Composite risk score (0–100)
Recorded measurements (2)
| Date measured | Top 10 hold | Flagged |
|---|---|---|
| 61.5% | No | |
| 61.9% | 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 Pundi X
Is Pundi X a scam?
We do not allege that Pundi X (PUNDIX) 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 61.5% 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 Pundi X flagged as low risk?
Pundi X'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 3.6% of market cap — within normal range.
Who controls Pundi X's supply?
On-chain data shows the top 10 holders of Pundi X hold 61.5% of the supply (burn and labelled exchange, staking and liquidity wallets excluded). This is shown for transparency and sits below our flag threshold.
Is Pundi X safe to buy?
FraudCoins.com does not give buy or sell recommendations, and no cryptocurrency is safe. Pundi X 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.