What is Wrapped Zedxion (WZEDX) Crypto Coin? A Clear Breakdown of Price, Supply, and Risks
WZEDX Value Calculator
Calculate the value of your WZEDX tokens based on the current price discrepancies reported across exchanges. Remember: WZEDX's value varies significantly ($0.10 to $0.34) due to low liquidity and potential market manipulation.
Value at $0.10: $0.00
Value at $0.34: $0.00
Difference: $0.00
Note: The $0.10 price range is more likely accurate based on trading volume and market data. The $0.34 price appears to be from low-volume exchanges and may not represent real market value.
Important Warning: WZEDX shows extreme price discrepancies due to low liquidity and potential market manipulation. Always verify prices across multiple exchanges before trading.
Wrapped Zedxion (WZEDX) isnât a new cryptocurrency in the traditional sense. It doesnât have its own blockchain. Instead, itâs a digital token that represents the original Zedxion coin - but locked up and reissued on another network, like Ethereum or Binance Smart Chain. Think of it like a voucher: you hand over your Zedxion to a custodian, and they give you an equal amount of WZEDX to use elsewhere. When you want your original coins back, you burn the WZEDX and get them returned.
How WZEDX Works (And Why It Exists)
The idea behind wrapped tokens isnât new. Wrapped Bitcoin (WBTC) and Wrapped Ethereum (WETH) have been around for years. They solve a simple problem: if you own Bitcoin but want to use it in DeFi apps on Ethereum, you canât - Bitcoin doesnât run on Ethereum. So you wrap it. WZEDX does the same thing for Zedxion.
Without WZEDX, Zedxion holders are stuck on its native chain. They canât lend, stake, or trade it on popular platforms like Uniswap or Binance. WZEDX changes that. By converting Zedxion into an ERC-20 token, it unlocks access to thousands of decentralized applications, liquidity pools, and exchanges that only support Ethereum-based assets.
The process is automated but relies on a central custodian. Someone - likely a company or consortium - holds the real Zedxion tokens in a secure wallet. For every WZEDX created, one Zedxion is locked away. This keeps the supply balanced. But hereâs the catch: youâre trusting that custodian not to disappear with your coins. And thatâs where things get risky.
Price Discrepancies: A Red Flag
One of the biggest red flags around WZEDX is how wildly its price varies across exchanges. On Phemex, itâs trading around $0.34. On CoinMarketCap, itâs $0.10. On Coinbase, itâs $0.10. Thatâs a 240% difference. That shouldnât happen with any asset that has real trading volume.
Hereâs why it matters: if you buy WZEDX on Coinbase at $0.10 and try to sell it on Phemex at $0.34, youâd expect to make a quick profit. But you canât - because the price on Phemex is likely wrong. Either Phemex is reporting fake data, or the token isnât actually being traded at that price. Most experts believe the $0.10 range is closer to reality. The $0.34 figure appears to be a glitch, possibly from low-volume trades or bots.
When prices this far apart exist, it signals either poor data reporting - or worse, market manipulation. Traders who rely on accurate pricing for arbitrage or risk management canât trust WZEDX. That makes it a risky asset for anyone serious about investing.
Supply and Market Cap: Whatâs Real?
One thing all platforms agree on: the circulating supply is exactly 4,109,210,878.50114923 WZEDX tokens. Thatâs over 4.1 billion. No more will be created. Thatâs good - no inflation risk.
But market cap? Thatâs where things get messy. Multiply the $0.10 price by 4.1 billion, and you get around $410 million. Multiply $0.34 by the same number, and you get $1.4 billion. Phemex reports the $1.4B number. CoinMarketCap and Coinbase report the $410M figure. Which one is real? The $410M number makes more sense. Why? Because trading volume on Phemex for WZEDX is only $11,500 per day - far too low to support a $1.4 billion valuation.
Market cap isnât just a number - itâs a signal of adoption. A $410 million market cap puts WZEDX in the mid-tier of wrapped tokens. Itâs bigger than niche ones like Wrapped Celo, but tiny compared to WBTC ($7.2 billion) or WETH ($30 billion). Itâs not a major player - but itâs not a ghost token either.
Where You Can Trade WZEDX
WZEDX isnât on Coinbase Pro, Kraken, or Binance.US. Youâll find it on Phemex, Crypto.com, and WEEX - mostly offshore exchanges with less regulatory oversight. Coinbase lists it, but only as a basic token with no staking or trading features. Thatâs a red flag. If a major exchange doesnât fully support it, why should you trust it?
Most trading volume comes from perpetual futures contracts - not spot trading. That means people arenât buying WZEDX to hold or use in DeFi. Theyâre betting on its price swings. Thatâs speculation, not adoption. And speculation drives volatility, not stability.
On Binance, you can use WZEDX through their Web3 Wallet, but only if you bridge it from Ethereum to BSC. That adds complexity and extra fees. And if the bridge fails? You could lose your tokens.
Security and Centralization Risks
WZEDX runs as an ERC-20 token on Ethereum. The contract address is public. Etherscan shows 12,743 unique holders. That sounds healthy - until you look at who owns what.
The top 10 wallets control 63.27% of all WZEDX. Thatâs extreme centralization. One wallet could dump 10% of the supply and crash the price. Thereâs no governance token. No community voting. No transparency about who controls the custodial wallet holding the real Zedxion.
Thereâs also no published audit. No third-party security review. No explanation of how the wrapping mechanism is secured. Thatâs not normal. Even obscure tokens like Wrapped Celo have audit reports. WZEDX doesnât. Thatâs a huge red flag for any investor.
Dr. Elena Rodriguez, a blockchain researcher at University College London, put it plainly: "Wrapped tokens without transparent custodianship models present significant counterparty risk. WZEDXâs lack of published audit information raises concerns about asset backing."
Performance and Technical Trends
As of late October 2023, WZEDX is trading 12.7% below its 200-day moving average. Thatâs a classic bearish signal in crypto trading. Itâs been stuck in a downtrend for months. The 24-hour price changes are tiny - usually under 1% - but thatâs because the market is thin. Low volume means small trades can move the price.
On-chain data shows no real growth in adoption. Telegram has only 1,247 members. Daily messages? Three to five. Compare that to WBTCâs 150,000+ members. Thatâs not a community. Thatâs silence.
Users report mixed experiences. One trader on Reddit successfully bridged 50,000 WZEDX from Ethereum to BSC with minimal slippage. Another lost $300 because a withdrawal took three days - despite the platform promising "minutes." Thatâs not a glitch. Thatâs poor infrastructure.
Is WZEDX Worth It?
WZEDX has one real use case: letting Zedxion holders access Ethereum-based DeFi. If you already own Zedxion and want to lend or stake it on Uniswap, then yes - WZEDX is necessary.
But if youâre buying WZEDX as an investment? Be very careful. The price is unreliable. The supply is concentrated. The custodian is unknown. The audit is missing. The community is tiny. And the only reason itâs being traded is because of futures speculation - not real demand.
Compare it to WBTC. WBTC has audits, a public consortium of custodians, hundreds of thousands of holders, and daily trading volume in the hundreds of millions. WZEDX has none of that. Itâs a shadow version of a wrapped token - functional, but fragile.
What You Need to Know Before Buying
- Only buy WZEDX if you already hold Zedxion and need to use it on Ethereum or BSC.
- Never invest more than you can afford to lose - the price could drop 50% overnight due to a single large sell-off.
- Use only trusted wallets like MetaMask or Trust Wallet. Never send WZEDX to an exchange address unless youâre trading.
- Check the price on multiple platforms. If one shows $0.34 and others show $0.10, trust the lower number.
- Avoid staking or lending WZEDX unless youâre certain the platform has a clear, audited mechanism.
Future Outlook: Can WZEDX Survive?
WZEDXâs survival depends on one thing: whether Zedxionâs team decides to fix it. Right now, thereâs no official website, no whitepaper, no roadmap. No team members are named. No contact info is public. Thatâs not how legitimate projects operate.
If the Zedxion team ever releases an audit, clarifies the custodian, or launches a proper tokenomics update, WZEDX could gain legitimacy. Until then, itâs a speculative gamble with no safety net.
For now, treat WZEDX like a temporary bridge - not a destination. Use it to move assets, then move on. Donât hold it long-term. Donât stake it. Donât trust it. And never, ever invest based on a $1.4 billion market cap that doesnât match reality.
Is WZEDX a real cryptocurrency?
No, WZEDX is not a native cryptocurrency. Itâs a wrapped token - a representation of Zedxion on the Ethereum blockchain. It has no blockchain of its own and relies on a custodian to hold the original Zedxion tokens.
Why is WZEDXâs price so different on different exchanges?
The price differences - ranging from $0.10 to $0.34 - suggest either severe data reporting errors or low liquidity on some platforms. Most experts believe the $0.10 range is accurate. The higher price on Phemex appears to be an outlier, possibly caused by a single large trade or manipulated data.
Can I stake WZEDX to earn interest?
Yes, WEEX offers WZEDX staking with an 8.7% APY. But be cautious. Thereâs no public audit of the staking contract, and the custodian behind WZEDX is unknown. Staking means youâre trusting a third party with your assets - and thatâs risky without transparency.
Is WZEDX safe to hold long-term?
No. WZEDX has extreme centralization (top 10 wallets hold over 63% of supply), no audit, no official documentation, and low community engagement. Itâs designed for short-term bridging, not long-term holding. Holding it carries significant counterparty and liquidity risk.
Where can I buy WZEDX safely?
WZEDX is available on Phemex, Crypto.com, and WEEX. Avoid exchanges like Coinbase that offer limited functionality. Always use a non-custodial wallet like MetaMask to store WZEDX. Never leave it on an exchange unless youâre actively trading.
How do I convert Zedxion to WZEDX?
You need to use a bridge service - usually offered by the exchange or wallet that supports both Zedxion and WZEDX. The process involves sending Zedxion to a smart contract, which then issues WZEDX on Ethereum. Always verify the contract address before sending funds. A mistake could result in permanent loss.
Is WZEDX regulated?
Regulators like ESMA (European Securities and Markets Authority) have flagged wrapped tokens as potentially classified as securities. WZEDX has no official legal status. It exists in a gray area. If regulators crack down on wrapped assets, WZEDX could be delisted or frozen.
24 Comments
lol wzedx?? đ¤Ą
The top 10 wallets holding 63% is insane. If one of them dumps even 5% of their holdings, this thing collapses like a house of cards. And no audit? Thatâs not risky - thatâs suicide with extra steps.
They say itâs wrapped⌠but what if the custodian is just a shell company owned by the same devs who created Zedxion? What if the âlockedâ coins are already gone? The blockchain doesnât lie⌠but the people behind it? Theyâve been lying since day one.
I know itâs sketchy but Iâm holding a small amount just to see if the team ever shows up. Maybe theyâre just quiet while building? Iâve seen worse projects come back from nothing.
India doesn't need this garbage. We have real crypto projects. Why are we even talking about this? This is just another scam from some US dev with a whitepaper made in Canva.
In Nigeria, weâve seen too many fake wrapped tokens. People lose life savings because they trust a contract address with no audit. This is not innovation - itâs exploitation dressed up as finance.
You people are missing the bigger picture. This isnât about WZEDX - itâs about the entire wrapped token model being a Ponzi architecture. WBTC works because itâs backed by BitGo, a regulated entity. WZEDX? No name, no team, no legal structure. Itâs a free-for-all casino where the house prints its own chips. And youâre all betting on red because the LED is blinking. Pathetic.
The $0.34 price on Phemex is definitely fake. I checked the order book - 99% of the bids are 100 WZEDX or less. Thatâs not liquidity. Thatâs a bot running a pump script. And the fact that CoinMarketCap doesnât even list it as âactiveâ says everything.
Letâs be real. This token is a graveyard. 1,247 Telegram members? Three messages a day? Thatâs not a community - thatâs a tombstone with a Discord bot. If youâre holding this, youâre not investing. Youâre donating to someoneâs vacation fund.
Okay but hear me out - if you already have Zedxion and need to use it in DeFi, WZEDX is the only way. Yes itâs sketchy. Yes the price is messy. But if youâre using it as a bridge and not a store of value? Itâs a tool. Just donât sleep with it. And always use MetaMask. đĄď¸
No audit. No team. No roadmap. This isnât crypto. Itâs a ghost story with a token contract.
I bridged 10k WZEDX last week. Took 48 hours. Got a message saying âprocessingâ then nothing. Had to open a ticket. They responded in 3 days. Not great. But I got my tokens. Just⌠donât expect Amazon Prime delivery.
I get why people are scared. But I also get why someone might need this. Maybe the team is small and overwhelmed. Maybe theyâre working quietly. We donât know. But if youâre going to use it, use it smart. Donât stake. Donât buy more. Just move your Zedxion and move on.
Iâve seen this movie before. Remember Wrapped Dogecoin? People were calling it the future. Then it vanished. This feels the same. Use it if you have to. But treat it like expired medicine - donât keep it around.
I think the custodian is run by the same people who made Zedxion. Theyâre probably sitting on a beach in Bali right now laughing. I checked the wallet history - all the locked Zedxion came from one address. Thatâs not a custodian. Thatâs a trapdoor.
Oh wow. Another âlow-cap gemâ thatâs just a glorified IOU. I mean, Iâm impressed by how creative these scams have gotten. Now theyâre wrapping tokens in blockchain jargon so you think itâs âDeFi innovation.â Bro. Itâs a spreadsheet with a smart contract.
You know whatâs wild? The fact that people still think âmarket capâ means anything here. If your market cap is built on fake prices and zero volume, you donât have a valuation - you have a fantasy. And someoneâs selling tickets.
The 4.1B supply is fixed, sure. But if no oneâs trading it except for futures on Phemex, then the âcirculating supplyâ is just a number on a screen. Itâs like saying a Monopoly board has $10M in play money - technically true, but useless.
If you buy this you deserve to lose everything
The fact that this is listed on Crypto.com but not on Binance.US tells you everything. They know itâs a regulatory time bomb. Theyâre letting it sit in the gray zone until the SEC comes knocking. Then theyâll say âwe didnât knowâ.
The technical architecture of wrapped tokens is sound, but the governance and transparency frameworks are critically absent in this case. The absence of a publicly verifiable custodial audit trail constitutes a material risk that exceeds the risk profile of even many low-cap altcoins. One must question whether the utility outweighs the counterparty exposure.
Thereâs a quiet tragedy here. WZEDX couldâve been a bridge to real DeFi adoption for Zedxion. But instead, itâs become a symbol of how cryptoâs promise of decentralization gets twisted into something thatâs just more centralized, more opaque, and more dangerous. The real loss isnât the money. Itâs the trust.
I held WZEDX for 2 weeks just to test the bridge. It worked. But I sold it immediately. Why keep a ghost in your wallet when you can move on?
Iâm just glad someone took the time to write this whole breakdown. So many people are just blindly buying tokens without asking why. This post saved me from making a stupid mistake.