🔥 6 Years of Blood and Tears in the Crypto World: Three Rules for On-Chain Investigation
As an old investor who has weathered the bull and bear markets, I now only trust on-chain data. Here is my anti-scam manual; every new project must pass these three rigorous investigative tests:
🕵️♂️ First Challenge: Token Distribution Autopsy
• Top 10 addresses holding >40%? = Time Bomb
• Team tokens must be under "Restraints"
• No "Phantom Transfers" on-chain in the last 30 days (sudden large movements)
🌊 Second Challenge: Liquidity Forensic Assessment
• Use DeBank to check if LP is truly locked (fake lock addresses often end with .proxy)
• Is the main liquidity on PancakeSwap? Beware of "Field Operating Tables"
• Use Bubblemaps to track market maker wallets (focus on historical withdrawal timestamps)
👥 Third Challenge: Community X-ray Scan
• Growth curve of holding addresses > growth of Twitter followers
• Exchange proportion in the top 100 addresses > 30% = Zombie Concentration Camp
• Use 0xScope to check associated addresses (beware of KOL hidden holdings)
💀 A Death Script from Personal Experience:
Last year's explosive "Metaverse Star"—when KOLs collectively shouted it out, I discovered:
1. 50 "retail" addresses received mysterious airdrops before TGE (Bubblemaps shows connections)
2. These addresses sold 2% every hour like robots (to evade monitoring)
3. The so-called DAO voting had only 3% participation (it was actually a self-directed performance by the team)
What was the result? Three months later, the project team disappeared, and those investors who did not conduct on-chain checks have seen their rights protection groups go cold.
📌 Blood and Tears Advice:
In the crypto world, data doesn't lie, but people do. Turn your MetaMask into a microscope, and before every transaction, please silently recite: On-chain footprints are the crime scene.
