CoinEx (CET) is a utility token with a current market capitalization of $11,942,316 and a price of $0.004895, indicating a relatively small market presence. Its overall risk score is moderate at 32/100. The token exhibits a healthy circulating supply, with 100% of its total supply currently in circulation, suggesting no immediate unlock shocks.

Key concerns revolve around extremely poor liquidity, with only $328 in total DEX liquidity and a bid/ask depth of $131 at 2%, coupled with a high holder concentration of 39.4%. Furthermore, there is a significant lack of transparency regarding its single analyzed contract's upgradeability and a complete absence of audits, alongside no identified active partnerships and an unsustainable yield model where 30-day token emissions exceed revenue by $1,250.

Despite these challenges, CoinEx maintains a moderate compliance risk with a Regulatory Score of 70/100, and the absence of SEC or CFTC mentions suggests a low immediate impact from US regulatory bodies. Whale activity indicates notable movements, such as a $46,185 unknown whale transfer and a $20,576 movement from a staking contract to Coinbase.

Investors should closely monitor liquidity improvements, as the current levels are insufficient for its market cap, and look for increased transparency around its contract audits and upgradeability. Establishing active partnerships and addressing the negative net revenue are crucial for long-term sustainability and growth.