If you’ve seen $MKONG pop up on a crypto tracker and wondered if it’s the next big thing, you’re not alone. But here’s the hard truth: MKong Ventures isn’t a cryptocurrency you should treat like an investment. It’s a speculative token with almost no real value, no circulating supply, and barely any trading activity - yet it still shows up on price charts. How? Let’s break it down.
What is MKong Ventures ($MKONG)?
MKong Ventures, symbolized as $MKONG, is an ERC-20 token built on the Ethereum blockchain. That means it follows the same technical rules as other Ethereum-based tokens like USDC or Chainlink. It was launched with a total supply of 200 million tokens. But here’s the catch - according to Coinbase’s data from October 2025, zero of those tokens are actually in circulation.
That’s not a typo. 200 million tokens exist on paper, but none are being traded, held, or used by anyone. Yet, some platforms still list a price for it - $0.0232 on Coinbase, $0.007192 on CoinMarketCap, and $0.00 on Bitget. The numbers don’t match. Why? Because there’s no real market. No buyers. No sellers. Just data noise.
Why does it have a price if no one owns it?
This is where things get strange. Cryptocurrency price trackers pull data from exchanges. But $MKONG only trades in tiny amounts on one decentralized exchange: Uniswap V2. On October 14, 2025, its 24-hour trading volume was $476.78. That’s less than what you’d spend on a weekend dinner in Auckland.
That tiny volume is enough to generate a price - but it’s not reliable. A single buyer could dump $100 into Uniswap and spike the price by 50%. Then, five minutes later, someone else buys it back at a discount and crashes it again. That’s why Coinpaprika reports an all-time high of $0.051093, while Coinbase shows $0.17. Neither is wrong - they’re just measuring different moments in a completely unstable, artificial market.
It’s a meme coin - but not a successful one
$MKONG fits squarely in the meme coin category - think Dogecoin or Shiba Inu. But unlike those, which have millions of holders and hundreds of millions in market cap, $MKONG has none of that. Dogecoin’s market cap as of October 2025 was $14.2 billion. Shiba Inu’s was $3.8 billion. $MKONG’s? $0.00.
There’s no community. No roadmap. No team announcements. No utility. You can’t pay for anything with $MKONG. You can’t stake it. You can’t use it in a dApp. The only reason it exists is because someone created it and listed it on exchanges hoping someone would buy it.
Even its name - MKong Ventures - sounds like a placeholder. There’s no website, no whitepaper, no social media presence worth mentioning. Reddit has zero active threads about it. Trustpilot has no reviews. No one’s talking about it because there’s nothing to talk about.
Where can you buy it? And should you?
You can technically buy $MKONG on Uniswap V2, Coinbase, and Bitget - but only if you’re already deep into DeFi. You need an Ethereum wallet like MetaMask, some ETH for gas fees, and the patience to navigate a platform designed for experts.
Bitget even runs a “Learn2Earn” campaign where you can get free $MKONG tokens by watching videos and completing quizzes. That’s not a product launch - that’s a marketing stunt to create artificial demand. You’re not investing in a project. You’re participating in a game where the house always wins.
And even if you do buy it, you’re stuck. With only $476 worth of $MKONG traded in a full day, selling even 1,000 tokens could crash the price. You’d face massive slippage - meaning you’d get far less than you expected when you try to cash out.
Price history tells the real story
Let’s look at the numbers. According to Coinbase, $MKONG was trading at $0.0302 one month before October 2025. Now it’s at $0.0232 - a 23% drop. Over a year, it fell from $0.0254 to $0.0232. That’s not a bull run. That’s a slow bleed.
Its all-time high? $0.17 according to Coinbase, or $0.051093 according to Coinpaprika. Either way, it’s down over 80% from its peak. And here’s the kicker: DigitalCoinPrice reported in January 2025 that $MKONG had hit $0.00 for the first time since 2021. That’s not volatility - that’s failure.
Analysts at Delphi Digital say tokens with under $10,000 daily volume have a 92% chance of failing within 18 months. $MKONG’s volume is less than 5% of that. CoinDesk’s September 2025 analysis found that projects with no utility, unclear supply, and inconsistent listings have less than a 5% survival rate beyond three years. $MKONG ticks every box.
Why do people still talk about it?
Because the crypto world is full of noise. New tokens launch every day. Most die within hours. A few get lucky and go viral. $MKONG isn’t one of them. It’s a ghost token - visible on charts, but invisible in reality.
Some people buy it hoping for a pump. Others get free tokens from Bitget’s referral programs and hold them out of curiosity. But no one is building on it. No one is using it. No one is even complaining about it - because there’s nothing to complain about. It’s just a line of code with no purpose.
Should you invest in $MKONG?
No.
If you’re looking to invest in crypto, you need liquidity, transparency, and a reason for the token to exist beyond speculation. $MKONG has none of those. It’s not a store of value. It’s not a payment tool. It’s not a platform. It’s not even a meme with a following.
Buying $MKONG isn’t investing. It’s gambling on a price that doesn’t reflect reality. You’re betting that someone else will pay more for it tomorrow - even though no one is actively trading it today.
There are thousands of low-cap tokens like this. 87% of them lose value over a year, according to Messari’s September 2025 report. $MKONG isn’t an exception - it’s the rule.
What’s the bottom line?
$MKONG is a crypto token with a price, but no value. It has a total supply, but no circulating supply. It’s listed on exchanges, but not traded. It has a chart, but no market. It’s a digital ghost.
If you see it pop up on your tracker, don’t panic. Don’t buy. Don’t sell. Just ignore it. There’s no story here. No future. No opportunity. Just noise.
Real crypto projects build ecosystems. $MKONG just builds charts. And charts without users? They don’t last.
Author
Ronan Caverly
I'm a blockchain analyst and market strategist bridging crypto and equities. I research protocols, decode tokenomics, and track exchange flows to spot risk and opportunity. I invest privately and advise fintech teams on go-to-market and compliance-aware growth. I also publish weekly insights to help retail and funds navigate digital asset cycles.