Is Mettalex a scam?
Asked about Mettalex (MTLX), market cap rank #5792.
Short answer
Mettalex (MTLX) has been scored on isthiscoinascam.com and has a moderate score — some risk signals were raised but no critical concerns.
Source: isthiscoinascam.com · Updated 2026-06-07
Red flags raised
- Token supply can be minted by the owner
- Trading volume is near zero
- Not listed on any high-trust exchange
- No recent code commits
- No hard cap on total token supply
- 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
- Very low on-chain liquidity
Positive signals
- ([coinmarketcap.com](https://coinmarketcap.com/currencies/mettalex/?utm_source=openai))
Team transparency
The Mettalex team is doxxed — public identities are known.
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