🚨 COMMUNITY ALERT AND EDUCATION: 5 COMMON SCAMS IN MEME COIN 🚨
- The meme coin market is always attractive due to huge profits, but it is also a 'gold mine' for scammers.
- Below are 5 scam behaviors that you need to know before investing 💣
1️⃣ Honeypot – Honey Trap. Can only buy but cannot sell. When the holder tries to sell, the transaction is rejected.
🔍 Solution: Always test a small buy-sell order before making a real investment.
2️⃣ Hidden Mint – Unlimited Token Printing. The developer retains the right to print additional unlimited tokens after the sale.
🔍 Solution: Check if the contract has a mint() function and whether the owner's rights have been renounced.
3️⃣ Liquidity Rug Pull – Withdraw Liquidity. After someone buys, the developer withdraws all liquidity from the pool → price crashes to 0.
🔍 Solution: Only invest when liquidity is locked for at least 3–6 months on PinkSale, Unicrypt, or TeamFinance.
4️⃣ Blacklist / Whitelist Scam. The developer has the right to block users' wallets or restrict who can sell.
🔍 Solution: Check if the contract has suspicious functions like setBlacklist, setTrading...
5️⃣ Fake Marketing – Imitation Projects / Trend Following. Projects copy, impersonate or use fake news about 'partners – listings'.
🔍 Solution: Always verify through official sources (CoinMarketCap, CoinGecko, Twitter) and avoid FOMO from the crowd.
💡 ADVICE FOR INVESTORS
1. Always check the on-chain contract before buying.
2. Do not trust unverified 'influencers'.
3. Prioritize projects with locked liquidity and transparent teams.
4. When you see projects claiming 'x100, x1000' too easily — ask questions instead of placing orders.
🔥 Be a smart investor – not a victim of scams!
