99% memecoins on DEX Screener are SCAM!
1% deliver life-changing gains.
Even experienced degens fall into scam traps daily and lose it all.
Here are 5 tools to help you spot a Scam vs Gem 👇🧵
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Memecoins are hot right now, but so are scams.
Even experienced traders can get caught.
To protect your funds, it’s essential to learn and use a few reliable analysis tools.
Every day, tokens pump and dump within an hour.
This could be the work of scammers or even large holders who don’t know how to sell without tanking the price.
Learn how to protect yourself from crypto fraudsters👇
❶/ Let’s start with a key step that can filter out 99% of tokens @InsightXnetwork
This tool, along with its advanced bubblemaps, can help you screen tokens effectively.
Just check the interactions among holders by inserting the contract address (CA). It’s a great way to spot any suspicious patterns early on.
❷/ Let’s see if the creator has distributed supply among their own wallets using @TrenchRadar
On Telegram, just type the command /bundle and paste the contract address (CA) into the bar.
This will reveal any suspicious wallets, helping you spot potential red flags early.
❸/ Most token smart contracts today are generally safe and don’t raise immediate red flags.
This is often due to tokens being created via PumpFun, which includes its own protection features.
However, it’s always smart to double-check the contract with @Rugcheckxyz to ensure everything’s secure.
❹/ With @gmgnai you can access a wealth of info.
From Smart Trader insights and wallet analysis to tracking sniper activity.
Also, remember to check if the token you’re researching has any snipers involved—it’s a key red flag.
❻/ Scammers don’t always have the funds to make a token genuinely go viral.
Instead, they often create low-value transactions to boost metrics on platforms like dexscreener, inflating stats like holders, transactions per hour, and volume.
Watch out and always do your research, or you risk losing money!
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