Is MonaCoin a scam?

Asked about MonaCoin (MONA), market cap rank #1321.

Short answer

MonaCoin (MONA) has been scored on isthiscoinascam.com and has a low score, indicating elevated scam risk based on the available data.

Source: isthiscoinascam.com · Updated 2026-06-07

Red flags raised

  • Low economic security
  • Multiple chain incidents on record
  • No recent code commits
  • No hard cap on total token supply
  • Very low L1 trading volume

Positive signals

  • First Japanese cryptocurrency
  • Accepted by real shops in Japan
  • Established in 2014
  • No pre-mining
  • Never suffered from a hacking incident

Team transparency

The MonaCoin team is anonymous — public identities are not on record.

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