99.8% of memecoins you see on X are scams.
Scammers are ready to take your moneyâunless you know their tricks.
Hereâs how to spot scams and uncover real gems đ§”
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1 / As memecoins gain popularity, scams are on the rise too.
Scammers are getting more creative, but avoiding rug pulls is our mission.
2 / Mark Cuban, one of the most influential figures in the crypto space, calls memecoins 'musical chairs'.
Yet, he acknowledges their power to workâand even make you a millionaire overnight.
3 / Scammers are always coming up with new ways to trick unsuspecting traders.
One of the most common scams right now is creating tokens that show fake volume and fake holders to grab your attention and make the project look legit.
These scams thrive on FOMO, making people jump in without thinking.
4 / The goal of these scams is simple: to take your hard earn money.
Scammers lure you in with fake promises and inflated numbers, only to pull the rug once they've drained your investment.
Let me explain how it works đ
5 / In this screenshot, you can see how scammers are faking volume and holders.
These tactics, easily accessible and affordable, are designed to mislead traders into thinking a project is legitimate.
This service, which is openly available on one of the most popular websites for such operations, highlights how much effort scammers put into creating a false sense of activity and credibility.
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6 / Remember the recent Gotbit FBI scandal?
One of the most well-known meme coin market makers has been detained due to fraudulent activity involving fake token volume and holders.
This case sheds light on a common practice used by market makers to inflate numbers, create FOMO, and lure unsuspecting traders into buying.
7 / Take a close look at the trades and watch for unusual trading patterns.
Sometimes, the buys look suspicious - just like in the screenshot - indicating potential manipulation.
Always exercise caution, as these irregularities can be a sign of fake activity meant to deceive and create false momentum.
9 / Check the token for potential rug pulls using tools like RugChecker.
While this canât guarantee 100% safety, it's a crucial step to help you assess the legitimacy of a project.
Always combine this with other research to protect yourself from scams.
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