How to Protect Yourself with Bubblemaps in the Meme Coin Frenzy?
With meme coins experiencing wild surges and drops, how can you avoid getting stuck holding the bag? Bubblemaps provides essential data tools to help you stay rational.
1. Common Scams in Meme Coins
- Centralized Control: The team retains most of the tokens and sells after driving up prices.
- Fake Liquidity: Creating a false appearance of trading volume to attract followers.
- Pixiu Mechanism: Restricting sales, allowing retail investors to only buy and not sell.
2. Identifying Risks with Bubblemaps
✔ Check Concentration of Holdings: Are the top 5 wallets holding over 40% of the tokens? High risk.
✔ Monitor Liquidity Pools: Are LP tokens not locked? Beware of potential exit scams.
✔ Community Reports: Use Intel Desk to view others' investigations and avoid known scams.
3. Real-World Case
A certain animal coin went viral on Twitter, and Bubblemaps showed:
- The team address was not locked and was secretly selling;
- The “retail big holder” was actually controlled by the same person.
As a result, it plummeted 99% in two weeks.
Conclusion: When playing with meme coins, use Bubblemaps to investigate and avoid becoming a 'retail investor'. #Bubblemaps $BMT @Bubblemaps.io