Obvious Coin: What It Really Means in Crypto and Why Most Are Just Ghost Tokens
When someone calls a crypto project an obvious coin, a token with no real utility, team, or trading activity that’s clearly designed to attract naive buyers, they’re not being poetic—they’re being precise. These aren’t hidden gems or misunderstood projects. They’re the crypto equivalent of a billboard that says "FREE MONEY" with no address. You’ll find them everywhere: meme coins with 100-trillion supplies like Husky Avax (HUSKY), a token on Avalanche with no purpose and no demand, reflection tokens like EverETH Reflect (EVERETH), a BSC token that claims to pay ETH rewards but has paid $0 since 2021, or abandoned projects like AmpleSwap (new) (AMPLE), a token with zero trading volume and contradictory supply numbers. These aren’t mistakes. They’re designed to look like opportunities.
An obvious coin doesn’t need a whitepaper. It needs a Discord channel full of bots, a Twitter account with 500 followers who all bought at the same time, and a token name that sounds like a meme. Look at LACE airdrop, a project that promised tokens and a metaverse but delivered nothing, or CryptoTycoon (CTT), a fake airdrop that doesn’t even exist. These aren’t rare. They’re the norm. The real danger isn’t losing money—it’s thinking you’re smart for getting in early. Most of these tokens have no exchange listings, no liquidity, and no way to sell. Even if you buy, you’re holding digital trash. And the worst part? Projects like PERA token, a token falsely advertised as having an airdrop, or YAE Cryptonovae, a non-existent token distribution, use the same playbook: fake hype, no proof, and a disappearing team.
You don’t need to be a blockchain expert to spot these. Check the trading volume. If it’s near zero, it’s dead. Look at the team—do they have real names, LinkedIn profiles, or past projects? If not, walk away. See if the token is listed on any major exchange? If it’s only on obscure DEXs with no reviews, it’s a trap. Real projects don’t hide. They publish audits, update GitHub, and answer questions. Obvious coins? They vanish when the price drops. This collection isn’t about promoting these tokens. It’s about exposing them. Below, you’ll find real breakdowns of exactly how these scams work, who’s behind them, and what to look for so you never get fooled again.