99% of memecoins are SCAM

Almost every trader gets tricked by these schemes

How to spot SCAM and avoid losing your money 👇

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Nearly 99% of launched tokens turn out to be scams.

Scammers are always coming up with new tricks to profit from traders.

The key to avoiding these traps is understanding how they work.

To estimate the coin's potential, you should:

➢ Trading volume

➢ Number of holders

➢ Number of txs

But have you ever wondered if those metrics could be manipulated?

Yes, that's exactly how scams work.

How does this work?

Scammers use bots and shady services to give their tokens a legit look.

It’s wild how cheap and easy it is to fake activity.

Many traders fall for scam tokens due to a lack of research, experience, or emotional decisions.

But you can shield yourself with a few key precautions.

Follow these steps before making any purchases

1/ Scan the CA

To protect yourself from potential scams, rug pulls, and honeypots, it's crucial to scan the token contract first.

Simply paste the contract address to get detailed insights into the token’s safety.

2/ Check early buyers

Watch closely who buys the token and how much right from the start.

Scammers often use the same wallets to buy identical amounts.

When you notice high volume with no price change, that is a scam token.

3/ Check the socials

Don’t buy if:

➢ Telegram is locked

➢ The dev constantly says "marketing soon bros"

Remember, a prepaid DEX Screener is a good sign but doesn't prove the dev is legit.

Final Thoughts

Basic metrics like volume and holders can be manipulated.

DYOR deeper by evaluating the team, socials, and overall transparency. If something feels off, skip it.