There’s a crypto token called Coin Stock (STOCK) that claims to give you direct exposure to real stocks like Apple, Tesla, and Amazon - backed 1:1 by actual shares. Sounds too good to be true? That’s because it is.
As of late 2023, Coin Stock (STOCK) is listed on CoinMarketCap with a market cap of $13.07 billion. That’s bigger than Coinbase. But here’s the catch: it has only 105 holders. Think about that. A $13 billion asset with fewer than 200 people owning it? Legitimate cryptocurrencies with billion-dollar market caps have tens of thousands of holders. Bitcoin alone has millions. This isn’t just unusual - it’s impossible without massive manipulation.
And then there’s the timeline. Coin Stock’s website says its all-time high was $409.96 on October 6, 2025. October 6, 2025? That’s over a year in the future. The all-time low is listed as July 6, 2025 - also in the future. You can’t have price data from dates that haven’t happened yet. This isn’t a typo. It’s a clear sign the numbers were made up. Scam tokens do this to look like they’ve been around longer and grown faster than they really have.
What’s even weirder is the trading volume. On a $13 billion market cap, you’d expect daily trading volume in the hundreds of millions. Coin Stock reports $950,000. That’s less than 0.01% of its market cap. Legitimate assets trade at 1-5% daily. This tiny volume means a single large wallet can move the price 20% in minutes. And guess what? The data shows just 10 wallets hold over 90% of all STOCK tokens. That’s not a decentralized market. That’s a rigged game.
There’s no whitepaper. No GitHub code. No audit reports from firms like CertiK or OpenZeppelin. No legal disclosures. No regulatory licenses from the SEC, FCA, or any other financial authority. If this were a real tokenized stock platform - like tZERO or ADDX - you’d find public filings, compliance documents, and regular proof-of-reserves. Instead, Coin Stock’s website is barebones. The only thing it offers is a link to a wallet address and a promise.
Compare it to real players. tZERO is registered with the SEC. ADDX is licensed by Singapore’s Monetary Authority. They don’t just say they’re backed by stocks - they show you the bank accounts, the custody agreements, the legal contracts. Coin Stock shows nothing. Not even a logo that looks professional. Their Twitter account has 2,000 followers, mostly bots. Their Telegram group has 327 members, and half the messages are asking, “Is this real?”
And yet, people are buying it. Why? Because the price chart looks explosive. Coin MarketCap shows a 24-hour swing from $7 to $61 - an 881% jump in one day. That’s not volatility. That’s pump-and-dump behavior. Someone buys a few million tokens, pushes the price up, posts fake screenshots on Reddit, then sells everything while retail investors chase the hype. The people who bought early are long gone. The ones buying now are the last ones holding the bag.
Reddit threads from November 2023 show dozens of users trying to withdraw STOCK tokens from exchanges - and failing. Others say the website’s verification tool for “1:1 equity backing” just crashes. No one can prove they own Apple stock through this token. No one can prove the token is even linked to real assets. It’s just a number on a blockchain with no connection to reality.
Security researchers call this a “Category 5” scam. That’s the worst rating. Projects with future-dated price data are almost always exit scams. PeckShield, a blockchain security firm, says tokens with market caps over $1 billion and fewer than 200 holders have a 98.3% chance of being fake. Coin Stock hits both marks. Messari, a top crypto research firm, flagged it in their Q3 2023 report as a “high-risk token with fabricated metrics.”
The SEC has been cracking down on fake equity tokens since mid-2023. Mirror Protocol got shut down for claiming to back stocks without registration. The same thing will happen to Coin Stock - if it hasn’t already. The project’s “UCID 37174” identifier doesn’t exist in any public registry. No financial regulator recognizes it. No bank holds the underlying assets. It’s a ghost.
And here’s the final nail: no one is building it. No developers. No code updates. No GitHub commits since November 2023. The GitHub repo linked on their site was created on November 1, 2023 - and it contains zero functional code. Just placeholder files. That’s not a startup. That’s a shell.
If you’re thinking of buying Coin Stock, ask yourself this: Why would a company that claims to hold real stocks - worth billions - not have a legal team, a compliance officer, or even a decent website? Why would they rely on a 105-person community to back a $13 billion asset? The answer is simple: they don’t own anything. They’re selling air.
Real tokenized stocks are hard to build. They require years of legal work, regulatory approval, audits, and institutional trust. Coin Stock took a weekend to create a website and a token contract. That’s not innovation. That’s fraud.
Don’t be fooled by the chart. Don’t be tempted by the hype. This isn’t the future of investing. It’s a classic pump-and-dump dressed up with buzzwords. If you hold STOCK, you’re holding a digital ghost. And when the creators vanish - and they will - your tokens will be worth nothing.