With thousands of new tokens launching daily, fake coins (scams, rug pulls, and honeypots) are a major risk. Here’s how to detect them before investing:
🔍 7 Red Flags of Fake Coins
1. No Clear Use Case or Whitepaper
Legit projects explain their tech, team, and roadmap.
Scam coins have vague descriptions like "Get rich fast!"
2. Anonymous Team
Check LinkedIn, X (Twitter), and GitHub.
If the team is unnamed or fake profiles, avoid it.
3. Liquidity Lock Issues
Use DeFiLlama or Bogged Finance to check:
Is liquidity locked? (Unlocked = Rug pull risk)
Is there a mint function? (Scammers can print unlimited tokens)
4. Suspicious Token Distribution
If >50% supply is held by a few wallets → Pump & Dump risk.
Use Etherscan/BscScan to check top holders.
5. Fake Social Media Activity
Bots & paid engagement? Check:
Twitter followers (real vs. fake accounts).
Telegram/Discord (dead chat = dead project).
6. Copy-Paste Contracts
Rugpull tokens often reuse old scam contracts.
Verify on TokenSniffer or RugDoc.
7. Too-Good-To-Be-True Promotions
"1000x guaranteed!" = Scam.
Airdrop scams ("Send ETH to get free tokens").
