When a crypto project claims zero circulating supply, the total number of tokens available for trading is currently zero. Also known as locked supply, it sounds like a technical detail—but in practice, it’s often the first sign of a rug pull. If no tokens are out in the open, no one can buy or sell them. That means the project isn’t live. It’s just code on a blockchain, controlled entirely by the team. And if the team holds 100% of the supply with no locks or vesting schedule, they can dump it anytime—leaving you with worthless tokens.
This isn’t just a theory. Look at the projects flagged in our posts: Cougar Exchange (CGX), a token with no real exchange, just a website and promises, and FEAR token, a 2021 airdrop that vanished after the team took the liquidity. Both had zero or near-zero circulating supply at launch. The same pattern shows up in SPAT Meta Spatial, an airdrop with unclear token distribution and no public trading. When supply is zero, there’s no market. No price. No accountability. Just a whitepaper and a Discord channel.
Real projects don’t hide their supply. They publish it. They lock it. They let the community verify it. If a token’s circulating supply is zero, ask: Why? Is it because it’s too early? Or because the team doesn’t want you to see how much they control? The answer is almost always the latter. You don’t need to be a coder to spot this. Just check the blockchain. Look at the wallet addresses. See who holds the tokens. If the founders own 95% and no one else can trade, walk away.
What you’ll find in the posts below aren’t just reviews—they’re investigations. Each one pulls back the curtain on projects that looked promising but hid the truth in their tokenomics. From rug pull cryptocurrency, how scammers pump and dump fake tokens, to Myanmar crypto scam, where entire networks run on fake projects with zero circulating supply, the pattern is the same: no supply, no trust. These aren’t startups. They’re traps dressed up as opportunities. And if you’re reading this, you’re already ahead of most investors. Now let’s show you exactly how to spot the next one before it’s too late.
OC Protocol (OCP) is a crypto coin with a hybrid PoW/PoS blockchain, but zero circulating supply. Despite being active since 2018, no tokens are in user hands, making it unusable and effectively abandoned.
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