Is Based a scam?
Asked about Based (BASED), market cap rank #914.
Short answer
Based (BASED) has been scored on isthiscoinascam.com and has a moderate score — some risk signals were raised but no critical concerns.
Source: isthiscoinascam.com · Updated 2026-06-08
Red flags raised
- Owner can change any wallet's balance
- A single wallet holds over 10% of supply
- Top 10 wallets hold more than 50% of supply
- Top 10 wallets hold more than 70% of supply
- Less than 50% of supply is circulating
- Daily volume exceeds market cap (possible wash trading)
Team transparency
The Based team is doxxed — public identities are known.
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