Fake Coinbase token price pumps again
A crypto token named Coinbase (COIN) has spiked another 250% in 24 hours, reaching a price of $54.4, according to CoinMarketCap.
Despite the dramatic increase, trading volume data remains unavailable or extremely low, raising doubts about the legitimacy of the surge. The token is listed only on Uniswap, where low liquidity allows even modest trades to trigger outsized price swings. Such conditions are often used in pump-and-dump scenarios, where early insiders profit at the expense of retail investors. This is not the first spike in COIN’s short history—and market analysts suspect the pattern is repeating. Once again, attention is rising, but so are red flags.
New and unverified project with copyright issues
COIN is just a few days old but already carries the “fake” label on CoinMarketCap, signaling that it has no legitimate affiliation with Coinbase, Inc. The token appears to be using the Coinbase name improperly, which has already led to its social media channels being blocked for copyright violations.
COIN price chart. Source: CoinMarketCap
Additionally, the accounts that remain visible are barely active and followed by few users, suggesting a lack of genuine community or developer engagement. Projects that exploit household brand names to gain traction are frequently tied to deceptive schemes. With no team transparency, no roadmap, and no working product, the project’s credibility is virtually nonexistent.
Analysts warn of deliberate pump-and-dump targeting retail
Experts believe the latest COIN price rally is part of a coordinated pump-and-dump campaign, designed to exploit retail traders chasing quick profits. By broadcasting price gains through misleading branding and low-barrier listings, the team or insiders likely aim to offload holdings at the peak, before the token collapses in value. This strategy has been observed in similar fake-token cases, often resulting in near-total losses for late buyers. The combination of low liquidity, blocked communication, and false branding is a textbook setup for market manipulation. Analysts strongly recommend avoiding COIN altogether—or exiting immediately before liquidity disappears.
Recently we wrote that the newly launched COIN token, styled as “Coinbase”, recorded a stunning 500% surge in just 24 hours, peaking at $167.7, according to CoinMarketCap.
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