There are indeed many opinions about CC. Some believe that this project exposes obvious liquidity issues—trading volume is pitifully low, yet the market cap is ridiculously high. This stark contrast alone warrants caution.

However, another perspective also makes sense. Large transactions are actually completed in the OTC market, and institutional and project-party agreements are not recorded on the public blockchain. This explains why the public trading surface appears quiet, while the actual circulating supply is much larger than the surface numbers.

More importantly, there is a supply-side problem. A large amount of CC is frozen in node contracts and cannot be moved in the short term. This results in very few tokens available for free trading—even with sparse buy orders, a few trades can push the price upward. Limited liquidity is enough to support an inflated on-chain market cap.

Therefore, whether this is a scam or a structural feature may require in-depth on-chain data analysis to determine.