🚨 How I Built a Meme Coin & Pulled the Rug 😈💰 (For Awareness & Education Only)
Here’s how shady actors pull off meme coin scams — so you can spot the traps before falling for one:
🔹 Step 1: Launch the Coin
Make a fun name, mint 1 quadrillion tokens, and deploy on a popular chain like BSC.
🔹 Step 2: Build Fake Hype
Buy followers, use bots, pay small influencers — create fake community buzz.
🔹 Step 3: Add Liquidity (with a backdoor)
Add LP on PancakeSwap but don’t lock it, or leave the contract mintable.
🔹 Step 4: Pump It
Fake volume, post “to the moon” tweets, and attract real buyers.
🔹 Step 5: Rug Pull
Drain LP or dump dev tokens — vanish with the funds.
⚠️ Key Warning Signs
– Unlocked liquidity
– No audit
– Anonymous team
– Suspicious tokenomics
– Contract can mint or pause
📌 DYOR — meme coins can be fun, but don’t get played.#CryptoAwareness #DYOR #Web3 #BinanceTurns8 #AltcoinETFsWatch