What is PolyPup Finance (COLLAR) crypto coin? Real facts about the near-dead Polygon token

There are over 20,000 cryptocurrencies out there. Most of them vanish without a trace. PolyPup Finance (COLLAR) isn’t just another one-it’s one of the deadest.

As of December 3, 2025, COLLAR has a market cap of $48.88. That’s less than the price of a coffee in Auckland. Its circulating supply is exactly 98,267.31 tokens. Every single one of them is in circulation. No more can be created. But here’s the kicker: no one’s buying or selling them.

On Binance, the price is $0.00033. On Coinbase, it’s $0.00032. On Bitget, it’s $0.00034. The differences are tiny because there’s no real trading. The 24-hour volume? $10.43. That’s less than what you’d spend on a single NFT on OpenSea. Most major exchanges list COLLAR, but they might as well be displaying a photo of a rock. No trades. No interest. No movement.

PolyPup Finance launched in 2021 as a DeFi project on the Polygon blockchain. It claimed to be the fourth layer in its own ecosystem, with COLLAR as the native token. It said it had a deflationary model-meaning tokens would slowly disappear over time to increase value. It also promised dividend pools and buybacks funded by revenue from PupPunk NFTs and a UI dApp. Sounds fancy, right? But none of it works.

They did one thing right: they burned $30,000 in liquidity. That’s a common trick in crypto to show you’re not planning to rug pull. You lock up money, then delete it. No one can take it back. That’s a good sign. But burning liquidity doesn’t fix a dead project. It just means the team didn’t steal the money-they just walked away.

There’s no whitepaper. No audit. No GitHub repo. No updates since 2022. The official website? Broken links. The PupPunk NFT collection? No sales recorded on OpenSea or LooksRare. The dApp? Doesn’t load. You can’t connect your wallet. You can’t claim dividends. You can’t even find a button that says ‘Buy COLLAR’ on the site.

Compare this to real DeFi projects. Uniswap has a $3.2 billion market cap. Aave is worth $1.8 billion. Even obscure tokens like Shiba Inu have daily trading volumes in the millions. COLLAR? $10.43. That’s not a typo. It’s not a glitch. It’s the reality. CoinMarketCap ranks it #6243 out of over 20,000 coins. That puts it in the bottom 0.03%. You’d have better luck finding a rare Pokémon card in a thrift store than finding someone who actually uses COLLAR.

And there’s zero community. No Reddit threads. No active Telegram group. No Twitter followers talking about it. No YouTube tutorials. No Discord servers. Nothing. Even the smallest successful crypto projects have at least a handful of people arguing about it. COLLAR has silence. That’s not a feature-it’s a funeral.

Some people might say, “But it’s so cheap! I can buy a million tokens for a dollar!” That’s the trap. Price doesn’t matter. Liquidity does. If you buy 100,000 COLLAR tokens for $32, you can’t sell them. No one’s buying. The order book is empty. You’re stuck. And if you try to sell even a few tokens, the price will crash to zero because there’s no depth. This isn’t investing. It’s gambling on a ghost.

There’s no roadmap. No team members named. No contact info. The project’s description on CoinMarketCap hasn’t been updated since November 2025-same date as the data. That’s not a sign of activity. It’s a sign of abandonment. The Weex price prediction says COLLAR might hit $0.0003388 in 30 days. That’s a 5% annual growth rate. If you invested $100 today, you’d have $100.05 in a year. That’s not growth. That’s inflation eating your money.

What about wallets? You can technically hold COLLAR in any EVM-compatible wallet-MetaMask, Trust Wallet, Rabby. But what’s the point? You can’t use it to pay for anything. You can’t stake it. You can’t swap it for anything useful. It doesn’t earn interest. It doesn’t give you governance rights. It’s just a number in your wallet that means nothing.

And here’s the final nail: CoinDesk’s criteria for an active project requires at least $10,000 in daily volume. COLLAR does $10.43. Messari classifies tokens under $100,000 market cap as “high-risk speculative assets with elevated abandonment probability.” COLLAR is $48.88. It’s not speculative. It’s already abandoned.

There’s no future here. No recovery. No revival. No team coming back. The blockchain doesn’t forget. The tokens are still there. The addresses still hold them. But the project? Dead. Buried. Forgotten.

If you’re looking to learn about DeFi, start with Uniswap or Aave. If you want to try a low-cap token, pick one with real volume, real community, and real updates. COLLAR isn’t a hidden gem. It’s a tombstone with a ticker symbol.

Don’t buy it. Don’t trade it. Don’t even look at it twice.