What is GET RICH QUICK (RICH)?

By CMC AI
12 July 2025 10:17AM (UTC+0)

TLDR

GET RICH QUICK (RICH) exhibits multiple red flags of a potential scam, including extreme volatility, lack of utility, and self-reported metrics.

  1. -95% price drop in 30 days alongside erratic short-term gains (+26% in 1h) signals high risk

  2. No use case or technical documentation—marketing relies on hype-driven slogans

  3. Self-reported supply and market cap ($507K) lack third-party verification

Deep Dive

1. Tokenomics & governance

  • 100% circulating supply: All 1B RICH tokens are marked as circulating, unusual for new projects that typically use vesting schedules to prevent dumps (CoinMarketCap).
  • -95% price erosion since June 2025: Despite 24h gains (+23%), the 30d/90d charts show near-total collapse, a pattern common in “pump-and-dump” schemes.
  • Turnover ratio of 2.69: High volume relative to market cap suggests speculative churn rather than organic demand.

2. Ecosystem & adoption

  • Zero partnerships or dApps: No verifiable ecosystem development beyond a slogan urging users to “STOP FALLING FOR GET RICH QUICK SCHEMES AND BUY GET RICH QUICK” (project page).
  • No developer activity: Absence of GitHub repositories or audit reports.
  • Missing holder data: No transparency into distribution—critical given the token’s name and price action.

Conclusion

RICH exemplifies speculative excess in crypto’s riskiest corners, with no fundamentals to justify engagement. How might its lack of verifiable supply data and developer activity expose traders to further downside?

CMC AI can make mistakes. Not financial advice.