I Lost $30 in a Rugpull – 3 Lessons I Learned from Buying CATX

A few weeks ago, I fell into the hype and bought a new token on PancakeSwap: $CATX. Within just 3 hours, the price crashed, the liquidity was drained, and the project vanished. Classic rugpull.

Here are 3 important lessons I learned from that mistake:

1. Don’t get blinded by “1000% gain in 1 hour” hype : If everyone says “get in fast,” chances are you’re not early—you’re exit liquidity.

2. Always check token details using tools like DexTools or TokenSniffer : If a token has lots of holders but very low liquidity, it’s a huge red flag.

3. Use a separate wallet for new or risky tokens : Avoid using your main wallet. Some smart contracts can drain your assets if you approve the wrong ones.

💡 Key takeaway:

Scams don’t always happen because someone tricks us. Sometimes, we lose money because we rush in without thinking.

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