Is Metherworld Coin (MCoin) a Scam?

Metherworld coin (MCoin) has lost more than 90% of its value since launch, trades with weak liquidity, and faces complaints from users about withdrawals. Most of its token supply is still outside circulation, and the platform behind it is unregulated. These red flags raise a clear question: is Metherworld a legitimate project, or is MCoin a high-risk token that looks like a scam? Let’s examine.

Metherworld introduced MCoin in 2023 with promises of a trading and education ecosystem built around the token. Early MCoin prices surged above $2, driven by promotional activity and referrals.

That hype didn’t last. By early 2024, the token was already losing steam. In October 2025, MCoin trades near $0.075, a decline of more than 93% from its peak. The price chart shows the kind of pattern often seen in speculative projects: a rapid early surge, followed by a long and relentless slide.

The project’s market capitalization is about $13 million, based on a circulating supply of 177 million MCoin. But the token’s total supply is 500 million, leaving more than 320 million in the hands of insiders or locked away. This imbalance creates constant risk that new tokens could be released into the market, diluting value for current holders.

Liquidity is also thin. MCoin’s daily trading volume averages between $300,000 and $400,000, a small fraction of its market cap. This makes it hard for investors to enter or exit positions without moving the price. For large holders, it also makes manipulation easier.

Unlike established cryptocurrencies, MCoin has not secured listings on Tier-1 platforms such as Binance, Coinbase, or Kraken. Instead, it trades on smaller exchanges like LBank and MEXC, primarily against USDT.

Being absent from major exchanges restricts both liquidity and credibility. Large platforms apply stricter due diligence before listing, and the failure to appear there is a sign that MCoin has not passed those tests.

Community feedback adds to the concerns. Some users in forums and Facebook groups have reported withdrawal difficulties, including claims they were asked to deposit more money before being allowed to withdraw.

Independent review sites such as WikiFX and BrokerReviewHub describe Metherworld coin as unregulated. On Trustpilot, the platform has only three reviews, all positive, and its profile is unclaimed. For a company presenting itself as global, such limited feedback looks unusual.

There is no evidence that Metherworld is licensed by any financial authority. Operating without regulation does not in itself prove fraud, but it leaves investors with no protection if the platform freezes withdrawals or disappears.

Charts show that MCoin price continues to struggle despite brief rallies. The token trades around $0.075, sitting close to short-term moving averages.

The 20-day and 50-day EMAs are clustered near current levels, but the 100-day and 200-day EMAs are far higher, at $0.10 and $0.12 respectively. This gap highlights the broader bearish trend. Until MCoin breaks above the 200 EMA near $0.12, the downtrend remains intact.

The RSI (Relative Strength Index) sits at 42, below the neutral 50 mark. This signals weak momentum. The market is not oversold, meaning there is room for more downside before buyers might step in.

Support is visible around $0.06, while resistance sits near $0.08. A breakout above $0.08 could open a short-term push toward $0.10-$0.12. But if $0.06 fails, the token risks dropping toward $0.04, its next floor.

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