What is the KRC-20 ecosystem really worth? Raw price × supply across the top 200 tokens reports $70.06T — a figure inflated by tokens with a handful of holders, zero trading volume, and dust-trade prices multiplied across astronomical supplies. After removing fantasy and unsupported valuations, the honest figure is $85.52M — and $13.37M once pre-minted insider supply is discounted. Screens, not accusations.
Bar widths are log-scaled — on a linear scale the honest cap would be invisible next to the reported figure.
Tokens whose reported market cap fails basic reality checks: more than $10B nominal (the same junk threshold every other surface on this site uses to exclude them — here they get named), millions of dollars of "market cap" per holder, spoofed holder counts, or mid-size caps with zero volume and almost no holders. 2 fantasy + 3 unsupported = $70.06T of reported value excluded.
| # | Token | Reported cap | Holders | Cap/holder | 24h vol | Verdict | Why flagged |
|---|---|---|---|---|---|---|---|
| 1 | FRANC | $57.26T | 26 | $2.20T | $0 | Fantasy | mcap > $10B · $2.20T/holder · no volume |
| 2 | TBDAI | $12.79T | 28,881,249 ⚠ | — | $0 | Fantasy | mcap > $10B · spoofed holder count · no volume |
| 3 | UNKAS | $30.46M | 142 | $214.5K | $0 | Unsupported | no volume |
| 4 | BLOCKS | $28.29M | 106 | $266.9K | $0 | Unsupported | no volume |
| 5 | SEJONG | $18.45M | 293 | $63.0K | $0 | Unsupported | no volume |
The top KRC-20 tokens ranked by float-adjusted honest cap — reported market cap of credible/thin tokens, scaled by the share of supply that was publicly mintable (pre-mint discounted). Pre-mint % is the insider allocation at genesis; Float % is what remains after discounting it. KaspaCom # is kaspa.com's own curated rank for comparison. 25 of the 40 listed tokens are majority pre-minted.
| # | Token | Honest cap | Reported | Pre-mint | Float | Holders | 24h vol | Verdict | KaspaCom # |
|---|---|---|---|---|---|---|---|---|---|
| 1 | NACHO | $2.47M | $2.47M | 0% | 100% | 63,668 | $8.7K | Credible | #1 |
| 2 | PEIPEI | $1.32M | $1.32M | 0% | 100% | 121 | $0 | Thin | #151 |
| 3 | KASPY | $1.08M | $1.08M | 0% | 100% | 15,257 | $0 | Thin | #6 |
| 4 | KONAN | $812.0K | $812.0K | 0% | 100% | 15,562 | $0 | Thin | #8 |
| 5 | WOLFY | $650.2K | $812.7K | 20% | 80% | 1,567 | $0 | Thin | #4 |
| 6 | KASBTC | $638.7K | $638.7K | 0% | 100% | 1,405 | $33 | Credible | #3 |
| 7 | KANGO | $497.4K | $497.4K | 0% | 100% | 15,228 | $0 | Thin | #5 |
| 8 | ROCKET | $424.8K | $424.8K | 0% | 100% | 203 | $0 | Thin | #157 |
| 9 | SILVER | $385.7K | $385.7K | 0% | 100% | 19,217 | $0 | Thin | #18 |
| 10 | KASPER | $354.9K | $354.9K | 0% | 100% | 15,084 | $0 | Thin | #7 |
| 11 | USDS | $353.7K | $353.7K | 0% | 100% | 57 | $0 | Thin | #124 |
| 12 | BURGER | $339.5K | $339.5K | 0% | 100% | 393 | $0 | Thin | #125 |
| 13 | SLOW | $330.1K | $330.1K | 0% | 100% | 21,470 | $15 | Credible | #17 |
| 14 | KEKE | $268.4K | $268.4K | 0% | 100% | 2,144 | $0 | Thin | #12 |
| 15 | PEPE | $250.4K | $250.4K | 0% | 100% | 1,418 | $0 | Thin | #16 |
| 16 | KEIRO | $192.8K | $192.8K | 0% | 100% | 3,028 | $0 | Thin | #24 |
| 17 | SAYLOR | $185.7K | $185.7K | 0% | 100% | 97 | $0 | Thin | #126 |
| 18 | KREX | $133.7K | $133.7K | 0% | 100% | 2,247 | $0 | Thin | #15 |
| 19 | SHAY | $122.0K | $122.0K | 0% | 100% | 414 | $0 | Thin | #191 |
| 20 | ANTX | $121.8K | $138.4K | 12% | 88% | 386 | $0 | Thin | #21 |
| 21 | TRIP | $116.9K | $140.8K | 17% | 83% | 2,826 | $0 | Thin | #91 |
| 22 | PINTL | $108.9K | $108.9K | 0% | 100% | 2,048 | $0 | Thin | #149 |
| 23 | CASHLY | $100.5K | $100.5K | 0% | 100% | 731 | $0 | Thin | #165 |
| 24 | KNIGHT | $97.1K | $97.1K | 0% | 100% | 3,793 | $0 | Thin | #41 |
| 25 | KOBA | $96.4K | $96.4K | 0% | 100% | 1,351 | $0 | Thin | #185 |
| 26 | KAPPY | $95.7K | $95.7K | 0% | 100% | 1,665 | $0 | Thin | #92 |
| 27 | KDAO | $94.4K | $94.4K | 0% | 100% | 8,495 | $0 | Thin | #36 |
| 28 | KASMO | $88.7K | $88.7K | 0% | 100% | 630 | $0 | Thin | #51 |
| 29 | PACMAN | $88.5K | $98.3K | 10% | 90% | 1,377 | $0 | Thin | #13 |
| 30 | CASINO | $74.3K | $74.3K | 0% | 100% | 444 | $0 | Thin | #166 |
| 31 | PLUTO | $70.0K | $70.0K | 0% | 100% | 2,216 | $249 | Credible | #19 |
| 32 | RUBY | $68.6K | $70.7K | 3% | 97% | 258 | $0 | Thin | #72 |
| 33 | BURT | $67.2K | $67.2K | 0% | 100% | 2,830 | $0 | Thin | #20 |
| 34 | STICK | $66.2K | $66.2K | 0% | 100% | 2,154 | $0 | Thin | #199 |
| 35 | MEWMEW | $60.9K | $60.9K | 0% | 100% | 6,536 | $0 | Thin | #159 |
| 36 | PHANT | $53.7K | $53.7K | 0% | 100% | 15,210 | $0 | Thin | #58 |
| 37 | HUMPY | $51.0K | $51.0K | 0% | 100% | 1,184 | $0 | Thin | #10 |
| 38 | PPKAS | $49.5K | $990.2K | 95% | 5% | 5,686 | $0 | Thin | #11 |
| 39 | KROAK | $48.8K | $48.8K | 0% | 100% | 1,812 | $0 | Thin | #38 |
| 40 | GHOAD | $48.7K | $162.4K | 70% | 30% | 6,728 | $0 | Thin | #9 |