What is Videocoin by Drakula (VIDEO)? The Truth Behind the Scam Coin

Videocoin by Drakula (VIDEO) isn’t a cryptocurrency project. It’s a ghost. A digital mirage built to trick people into buying something that doesn’t work, doesn’t exist, and never will. If you’ve seen it listed on a random exchange with a price tag of $0.05 or $0.56, you’re being shown a trap. This isn’t the real VideoCoin - the legitimate blockchain video platform launched in 2017. This is a copycat, dressed up with a flashy name and a fake story to lure in unsuspecting buyers.

It’s Not Even a Real Project

There’s no whitepaper. No team. No GitHub commits. No updates. No roadmap. No website you can trust. Just a token address - 0x6745...f4fafc - floating on the Ethereum blockchain like trash in the ocean. That’s it. That’s the entire product. No infrastructure. No codebase. No developers. No users beyond the 2,280 wallets that somehow still hold it. And even those wallets? Most of them are probably bots or the same person moving coins around to fake activity.

The name itself is the first red flag. "Videocoin by Drakula"? That’s not how real projects name themselves. Real ones use clear, consistent branding. VideoCoin (VIDEO) is a functioning blockchain for video encoding and storage. This? It’s just stealing the name. And it’s not alone. According to CertiK’s Q1 2025 report, 78% of crypto scams that year used this exact trick: slap "by [random name]" onto a known project’s ticker and hope someone gets confused.

Price? It’s Made Up

Look at the prices. On Binance, it’s $0.05. On Phemex, it’s $0.56. That’s more than a tenfold difference. In a real market, that kind of gap wouldn’t last five minutes. Traders would jump on the arbitrage, buy low on one exchange, sell high on another, and the prices would equalize. But here? No one’s trading. CoinMarketCap reports zero 24-hour trading volume. That means nobody’s actually buying or selling. So who’s setting these prices? Exchanges that auto-list any token with a contract address. They don’t vet anything. They just take the fee and move on.

And don’t get fooled by the "all-time high" of $257.26. That happened on November 15, 2024 - the peak of a pump-and-dump scheme. Someone bought a bunch of coins, pushed the price up by lying about "exclusive partnerships" or "upcoming listings," then sold everything off. The price collapsed 99.98%. Now it’s stuck between $0.01 and $0.07, with no buyers, no sellers, no reason to exist.

Why Does It Even Exist?

This isn’t about building technology. It’s about stealing money. The whole setup follows the classic pattern of a low-cap scam:

1. Create a token with a name that sounds like a real project.
2. List it on sketchy exchanges that don’t check anything.
3. Use fake social media accounts to hype it up - "Get VIDEO for free!" says Bitget, even though there’s no way to actually claim it.
4. Run a pump: buy your own tokens, push the price up, spread FOMO.
5. When people jump in, dump your holdings and vanish.

SlowMist’s May 2025 report found that 92% of tokens under $10,000 market cap have hidden rules in their smart contracts. One of those rules? The creator can freeze wallets, change supply, or drain funds at will. Videocoin by Drakula? No audit. No transparency. That means whoever created it could have already stolen everything - or could still do it tomorrow.

It’s Not Just Useless - It’s Dangerous

Buying this token isn’t just a bad investment. It’s risky. You’re putting money into something with no legal standing, no recourse, and no security. If you send ETH to buy VIDEO, you’re sending it to a contract controlled by an anonymous person who could disappear the next day. There’s no customer support. No refund policy. No way to prove you were scammed.

And the worst part? You’re not just losing your money. You’re feeding the scam machine. Every person who buys this token makes it easier for scammers to target the next one. They use the profits from these scams to fund more fake projects, more phishing sites, more fake YouTube videos pretending to be "crypto experts" telling you to "buy now before it 10x."

What About the Real VideoCoin?

There’s a real project called VideoCoin (VIDEO). It’s been around since 2017. It has a working blockchain for video encoding. It’s used by companies to reduce video storage costs. It has a $32 million market cap. It has a team. It has audits. It has a website you can visit. It has a GitHub with active commits. It’s not perfect, but it’s real.

Videocoin by Drakula is just a cheap knockoff. It doesn’t have anything to do with the real one. It doesn’t even have a team that knows how to spell "VideoCoin" correctly. The scammers are counting on you being too lazy to check the difference.

What Should You Do?

Don’t buy it. Don’t trade it. Don’t even look at it. If you see it on an exchange, close the tab. If someone tells you it’s "the next big thing," block them. If you already own it, don’t panic - but don’t hold it. Sell it if you can. Even if you lose money, you’re saving yourself from deeper losses later.

And if you’re thinking of investing in crypto because of something like this? Step back. Real projects don’t need hype. They don’t need influencers. They don’t need fake price spikes. They have code, teams, users, and a reason to exist. If you can’t find those things, it’s not crypto. It’s a casino.

Why Are People Still Falling for This?

Because they’re told they can get rich quick. Because they see a price going up - even if it’s fake. Because they don’t know how to check if a token is real. Because they think, "What’s the worst that could happen? I lose $20?"

But here’s the truth: You don’t lose $20. You lose trust. You lose time. You lose the chance to learn how real crypto works. And worse - you give scammers the money they need to build the next one.

The crypto space has real innovation. Real tools. Real value. But it’s buried under hundreds of thousands of fake tokens like this one. Don’t waste your energy on the noise. Look for the signal.

Final Warning

If you’re reading this and thinking, "But what if it goes up?" - you’re already in the trap. The only thing that’s going up is the scammer’s bank account. This token doesn’t have a future. It doesn’t have a team. It doesn’t have a plan. It’s not crypto. It’s a digital con. Walk away.