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Scammers are making $100,000 a day by creating fake meme coins using platforms like PumpFun and Raydium. Their strategy includes:
1. Creating new tokens and funding them from clean wallets.
2. Fake a healthy distribution to make the tokens look legitimate.
3. Performing a carpet-dump by selling the tokens suddenly, causing their value to collapse by 99%.
How to avoid scams?
Check the comments and activity around the token.
Monitor the patterns of early buyers and wallet funding sources.
Avoid tokens that pop up suddenly without clear context.
Conclusion: Be careful, and carefully examine tokens to avoid falling victim to these schemes.
1. Creating new tokens and funding them from clean wallets.
2. Fake a healthy distribution to make the tokens look legitimate.
3. Performing a carpet-dump by selling the tokens suddenly, causing their value to collapse by 99%.
How to avoid scams?
Check the comments and activity around the token.
Monitor the patterns of early buyers and wallet funding sources.
Avoid tokens that pop up suddenly without clear context.
Conclusion: Be careful, and carefully examine tokens to avoid falling victim to these schemes.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.