AMKT Token: An Overview of the Alongside Crypto Market Index Token
AMKT, short for Alongside Crypto Market Index, is an ERC-20 token based on Ethereum. Its primary goal is to provide investors with a tool to track the overall performance of the cryptocurrency market through a single token. It reflects market dynamics by holding a weighted portfolio of the top 25 crypto assets by market capitalization, aiming to simplify the complexities of crypto market investing.
Core Mechanism and Security Measures
The AMKT token is designed to be a fully collateralized index token. Its operational mechanism includes monthly rebalancing of index components and quarterly reconstitution to ensure it accurately captures market changes. In terms of security, each AMKT token is backed by actual crypto assets held in a secure Coinbase custody account. Furthermore, the project's smart contracts have been audited by Oak Security and Sigma Prime, while the authenticity of its reserves is verified by Armanino's Trust Explorer "Proof of Reserves" product, aiming to enhance transparency and user trust.
Market Performance and Liquidity Challenges
The AMKT token was officially launched on December 12, 2022. However, as of October 27, 2026, the token's market performance shows significant liquidity challenges. According to Coinbase data, its current price is approximately $208.23, with a circulating supply of about 2,019.843 AMKT, and a market capitalization of approximately $393.97K. Notably, its 24-hour trading volume is extremely low, displayed as $2.00 on Coinbase. Other data sources also show similar low trading activity, such as Bybit recording a 24-hour trading volume of $30.73 on September 7, 2026. This extremely low trading volume indicates that the market liquidity of AMKT tokens is almost exhausted, lacking effective transactions, which may lead to wide bid-ask spreads and difficulties in quick trading.
AMKT's historical price data shows that its all-time high reached approximately $379.18 (KuCoin data), and its all-time low was $66.74 (Bybit data, January 12, 2023).
Key Stakeholders
- Issuer: Alongside
- Asset Custodian: Coinbase
- Contract Auditors: Oak Security, Sigma Prime
- Reserve Verifier: Armanino's Trust Explorer
Trading Channels and Risk Warning
Currently, there are no reliable active trading channels for this token. Given the extremely low trading activity of AMKT tokens, investors should be fully aware of the potential liquidity risks. The lack of effective market transactions may lead to difficulties in liquidating assets, significant price volatility, and potentially large bid-ask spreads. When considering any crypto asset investment, it is crucial to conduct thorough due diligence and carefully assess the associated risks.
