Most traders fall for these traps and lose money. Here’s how to spot scams & protect yourself 👇
1️⃣ Scammers Fake Activity to Look Legit 🤡
🔹 Trading Volume? FAKE. Scammers use bots to create fake buys/sells.
🔹 Number of Holders? MANIPULATED. They spread tokens across multiple wallets.
🔹 Transactions? DECEPTIVE. Many txs are just bots trading back and forth.
Reality check: Just because a token looks “active” doesn’t mean it’s real.
2️⃣ Scan the Contract Address (CA) First 🔍
Before buying, paste the CA into a scanner like:
✅ Token Sniffer
✅ DEX Screener
✅ Bubble Maps
🚩 Red Flags:
❌ Honeypot (You can’t sell after buying)
❌ Mint Function (Dev can print unlimited tokens)
❌ Blacklist Function (Dev can block you from selling)
If the contract isn’t verified or has shady functions, SKIP IT.
3️⃣ Watch Early Buyers & Liquidity 🚨
Scammers load up their own bags before the public can buy.
🔹 Check top wallets – Are a few wallets holding 50%+? RED FLAG.
🔹 Look at early buys – If the same wallets buy in identical amounts, it’s likely a scam.
🔹 Liquidity Check – If liquidity isn’t locked or burned, devs can rug anytime.
💡 TIP: Use Etherscan or Solscan to track transactions & wallets.
4️⃣ Check the Socials – Fake Hype = Rug 💻
❌ Telegram locked? (No chat, only announcements?) 🚨
❌ Devs saying “Marketing soon bros” with zero actual updates? 🚩
❌ Twitter full of bot comments? (Generic replies, no real community?)
Scammers fake engagement to lure traders. If the devs aren’t active or transparent, RUN.
Final Thoughts – DYOR or Get Rekt 💀
✅ Always scan the contract before buying.
✅ Check the wallets & transactions for manipulation.
✅ Analyze the team & socials – Real projects don’t hide.
If ANYTHING feels off, DON’T BUY.
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