Meme Coin Risk Assessment Tool
Based on the BlueyonBase (BLUEY) case study, this tool helps identify dangerous red flags in meme coins. Enter the following details to see your risk score. High risk means this is likely a scam or failed project like BLUEY.
BlueyonBase (BLUEY) isn’t a cryptocurrency you want to touch. Not because it’s too risky - but because it’s already dead. Launched in September 2025 on the Base blockchain, this token tried to ride the wave of the global love for the Australian kids’ show Bluey. It promised community-driven fun, staking rewards, and meme-powered growth. But what you’ll find today is a ghost project: zero trading volume on most platforms, a Telegram group that’s shrunk from over 2,000 members to under 200, and a team that vanished after the first month.
BlueyonBase (BLUEY) was built on a cartoon - and nothing else
BLUEY’s entire identity was based on a children’s TV show. No official license. No partnership with the creators. Just a token name, a logo that copied the show’s art style, and a marketing pitch that said, ‘Join the Bluey crypto family!’ That’s not a strategy. That’s a lawsuit waiting to happen. And it did - quietly. The official Bluey brand never endorsed this token. No press release. No social media shoutout. Just silence.
Compare that to Dogecoin, which grew because of genuine internet culture. Or Shiba Inu, which built a community before launching tokens. BLUEY had none of that. It had a theme, and that’s it. No roadmap. No whitepaper. No team members named. No GitHub. No official website. Just a smart contract deployed on Base - the Ethereum Layer-2 network from Coinbase - and a few Discord channels that went quiet by October 2025.
The numbers don’t lie - they scream
Here’s what the data shows as of December 3, 2025:
- Circulating supply: 0 tokens (Binance)
- Market cap: $0 USD (Binance, CoinStats)
- Price: $0 (CoinStats), $0.000256 (Binance) - but only if you ignore the 0 supply
- 24-hour volume: $83,900 (Binance) vs $445 (CoinMarketCap) - both impossible if supply is zero
- Trading pairs: Only WETH on Uniswap V3 - and even that’s frozen
- Contract address: 0x1cef2e5591aeb84a90711ffa5b80663cf7075f84 - last transaction was November 17, 2025
Some platforms say it’s trading. Others say it’s not listed anywhere. CoinCarp, a trusted crypto data aggregator, explicitly states: ‘BlueyonBase has yet to be listed on any cryptocurrency exchanges.’ Yet Binance lists it. CoinMarketCap ranks it #5669. How? Because bots. Fake volume. Pump-and-dump bots that create the illusion of life.
People tried to sell. They couldn’t.
On Reddit’s r/CryptoMoonShots, users posted screenshots of failed transactions. One user, u/CryptoSafetyFirst, wrote on November 22: ‘Tried to sell my BLUEY. Liquidity vanished. Telegram support? Auto-replies. Then I got blocked.’
Bitget users reported the same. Twelve failed trades over three days. Gas fees spiked to 100 gwei. Still no execution. Why? Because the liquidity pool was drained. The creators pulled the plug. They didn’t just abandon the project - they took the money and ran.
Trustpilot reviews for platforms that listed BLUEY show a 1.2/5 average. 87% of reviews mention ‘vanished liquidity’ or ‘can’t sell tokens.’ That’s not bad luck. That’s a rug pull.
Why did it fail so fast?
There are three reasons why BLUEY collapsed within weeks:
- No real utility: It didn’t solve a problem. It didn’t offer staking, governance, or rewards. Just a meme.
- Copyright risk: Using a children’s cartoon without permission is a legal time bomb. Brands like Disney and BBC have sued over this before. No one wanted to touch it.
- Zero community trust: The team never showed their faces. No Twitter replies. No Discord moderation. No updates. When users asked questions, they got silence.
Industry analysts say it clearly. Marcus Thompson from Blockchain Insights Group said in November 2025: ‘Unlicensed derivative tokens based on children’s IP have a 92% failure rate within 90 days.’ BLUEY didn’t last 60.
What about the ‘Strong Buy’ signal on Bitget?
That’s the most dangerous part.
Bitget’s algorithm gave BLUEY a ‘Strong Buy’ rating based on moving averages. But here’s the catch: the token had no real trading activity. The algorithm was reading fake volume. It’s like a weather app saying ‘sunny’ when the sky is pitch black - because it’s reading a broken sensor.
Algorithmic signals don’t work on dead tokens. They work on real markets. BLUEY’s market was a mirage. If you followed that ‘Strong Buy’ signal, you’d be holding tokens that can’t be sold, traded, or even transferred without getting stuck in a failed transaction.
Is there any chance it comes back?
No.
The smart contract hasn’t been updated since September 15, 2025. The last transaction was in mid-November. The team’s social accounts are frozen. The Telegram group is a graveyard. Delphi Digital labeled it ‘Terminal Failure’ in their December 2025 report. Blockchain Risk Analytics gave it a 9.7/10 risk score - the highest possible.
This isn’t a ‘bear market dip.’ This is a corpse.
What should you do if you own BLUEY?
If you bought it:
- Don’t throw more money at it. Adding liquidity won’t bring it back.
- Don’t wait for a ‘recovery.’ There won’t be one.
- Try to sell on decentralized exchanges - but expect failure. Most wallets will show ‘transaction reverted’ errors.
- Accept the loss. This is a lesson in how not to invest in meme coins.
If you’re thinking of buying:
- Walk away.
- Look at tokens with real teams, real code, and real community activity.
- Remember: if it’s based on a cartoon and has no license, it’s not a project - it’s a trap.
BlueyonBase (BLUEY) is a warning sign
This isn’t just about one failed token. It’s about how the crypto space still lets scams thrive. People chase hype. They see a cute logo, a trending name, and assume it’s safe. But in crypto, if it’s built on a cartoon and no one knows who made it - it’s not a coin. It’s a bait.
Bluey the show is beloved. It’s heartwarming. It’s wholesome. BLUEY the token? It’s the opposite. And it’s gone.
Is BlueyonBase (BLUEY) a real cryptocurrency?
Technically, yes - it has a smart contract on the Base blockchain. But it’s not a functioning cryptocurrency. It has no real trading volume, no liquidity, no team, and no future. It’s a dead token with fake data on some platforms.
Can I still buy or sell BLUEY tokens?
You might find it listed on Binance or Uniswap, but selling is nearly impossible. Liquidity has vanished. Most users report failed transactions, even with high gas fees. If you hold it, you likely can’t move it. Buying it now is like buying a ticket to a concert that was canceled last week.
Why do some platforms show a price for BLUEY if the market cap is $0?
It’s manipulation. Some platforms use fake volume from bots to inflate prices. Binance lists a price of $0.000256, but also says the circulating supply is 0. That’s mathematically impossible. It’s a glitch - or worse, a cover-up for a rug pull. Always cross-check multiple sources. CoinStats and CoinCarp show $0 price and zero supply - that’s the truth.
Was BlueyonBase officially connected to the Bluey TV show?
No. The creators of Bluey, Bandai Namco and the ABC (Australian Broadcasting Corporation), have never endorsed, partnered with, or even acknowledged BlueyonBase. Using a children’s IP without permission is a legal risk - and one that led to the token’s rapid collapse.
Is BlueyonBase a scam or just a failed project?
It’s a scam. A rug pull. The team disappeared after collecting funds, drained the liquidity pool, and abandoned all communication. The timing, the fake volume, the blocked Telegram users, and the zero supply data all point to intentional fraud - not just poor execution.
What should I look for before investing in a new meme coin?
Check for: a verified team with public identities, a real whitepaper, active social media with real replies, locked liquidity, a contract that’s been audited, and a community that’s growing organically - not through bots. If it’s based on a cartoon, movie, or celebrity without an official license - avoid it. Most of them vanish within weeks.
8 Comments
Mark Stoehr
December 5, 2025 AT 04:28 AMbluey? more like bluey-ruined-my-portfolio bruh i lost my rent money on this thing and now my dog is judging me
Shari Heglin
December 6, 2025 AT 06:35 AMThe structural deficiencies of this token are not merely operational but fundamentally existential. Its lack of governance, transparency, and legal compliance renders it incompatible with any legitimate financial framework.
Murray Dejarnette
December 6, 2025 AT 13:27 PMYALL STILL TRADING THIS?!!?!?!?!?!?!? I told you guys in September this was a cartoon-themed dumpster fire. Now the devs are on vacation in Bali and your tokens are worth less than a Bluey plushie at a garage sale. 🤡
Maggie Harrison
December 7, 2025 AT 14:29 PMThis is why I always say: if it doesn’t have a heart, it doesn’t deserve your money 💔. Bluey the show? Pure joy. BlueyonBase? Pure greed. I’m just glad I didn’t fall for it. Stay safe out there, friends 🌈✨
ashi chopra
December 9, 2025 AT 05:37 AMI feel so sad for the people who invested. Not because of the money, but because they believed in something that was never real. It’s like trusting a stranger who says they’ll take you to Disneyland… and then disappears with your ticket. 🫂
Akash Kumar Yadav
December 10, 2025 AT 16:06 PMUSA crypto is trash. In India we know how to build real projects. This Bluey nonsense? Only Americans would waste time on cartoon tokens. We have real memes like ModiCoin and AyodhyaChain. At least those have cultural roots!
Christy Whitaker
December 10, 2025 AT 17:42 PMI knew it. I KNEW IT. I told my sister not to buy it. She didn’t listen. Now she’s crying in the shower. And guess what? I told you so. Again. You’re welcome.
Ziv Kruger
December 12, 2025 AT 17:31 PMThe real question isn't whether it's a scam-it's why we keep falling for the same story. We don't need more tokens. We need better stories. And maybe less greed. Just saying.