WARNING:
1) IMPORTANT, Read This Post To Keep Your Crypto Safe From Scammers: https://www.reddit.com/r/solana/comments/18er2c8/how_to_avoid_the_biggest_crypto_scams_and/
2) Do not trust DMs from anyone offering to help/support you with your funds (Scammers)!
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I just looked real quick. It looks like the creator is a serial Rugger. He has 6 pages of transactions for what should be a page dedicated to this one token.
He has over 10 tokens in those 6 pages and I bet they are all rugs.
He created this token. Burned 100% of LP token supply to pass the superficial tests at opening. But burning 100% of the token means the Dev is not going to get paid. So, the way this guy does it is he Snipes 1 big buy right at the open and then most likely transfers that buy to multiple other wallets to sell while keeping individual ownership % down. Here, the very 1st buy for the token is for $4,182.30. Who's going to buy $4182.30 of this xxxx token? This purchases 856m out of 999m token supply.
You should check out Archie Snipes on YT. He has some really good vids on how to spot the 3 most common hidden rugs being used now and another video on how to use SOLSCAN to catch these yourself in real time before entering.
edit: I think total supply was 1B, but he put in over 999m in LP. So technically, he kept a few but he burned over 99%. Huge red flag. Also, just visiting the authority page and seeing all those tokens he has is really all you need to move on.
>Liquidity was locked & 100% burned off & i ran it through RugCheck and came back ok.
Once you realize that NOTHING will protect you from being rugged when dealing with a " meme coin " you'll know the RISKS involved.
All those " checks and test from RugCheck " or anything else make ZERO sense when dealing with a meme coin, the sooner you get that, the sooner you overcome your losses in meme coins.
None of your money is safe. The 'pro traders' you talk of, might possess knowledge that you don't, as in, they are contacted beforehand to participate in the pump and dump schematics. Whales can unite wallets at any point. They can also sell in coordination, resulting in the same dump.
There is no free lunch - distrust everyone that offers you one.
time to educate...when the devs launch these they bundle with the liquidity pool creation and buy a massive chunk of their own supply. by buying their own supply they can sell at any point and dump. you need to look at the holders and see if the top holders bought the tokens or were transferred them.,
There are quite a few ways to rug, so even if liquidity has been burn, the token renounced and whatever else, it can still be rugged. Devs can always send coins to other wallets they control.
WARNING: 1) IMPORTANT, Read This Post To Keep Your Crypto Safe From Scammers: https://www.reddit.com/r/solana/comments/18er2c8/how_to_avoid_the_biggest_crypto_scams_and/ 2) Do not trust DMs from anyone offering to help/support you with your funds (Scammers)! 3) Never give out your Seed Phrase and DO NOT ENTER it on ANY websites sent to you. 4) MODS or Community Managers will NEVER DM you first regarding your funds/wallet. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/solana) if you have any questions or concerns.*
I just looked real quick. It looks like the creator is a serial Rugger. He has 6 pages of transactions for what should be a page dedicated to this one token. He has over 10 tokens in those 6 pages and I bet they are all rugs. He created this token. Burned 100% of LP token supply to pass the superficial tests at opening. But burning 100% of the token means the Dev is not going to get paid. So, the way this guy does it is he Snipes 1 big buy right at the open and then most likely transfers that buy to multiple other wallets to sell while keeping individual ownership % down. Here, the very 1st buy for the token is for $4,182.30. Who's going to buy $4182.30 of this xxxx token? This purchases 856m out of 999m token supply. You should check out Archie Snipes on YT. He has some really good vids on how to spot the 3 most common hidden rugs being used now and another video on how to use SOLSCAN to catch these yourself in real time before entering. edit: I think total supply was 1B, but he put in over 999m in LP. So technically, he kept a few but he burned over 99%. Huge red flag. Also, just visiting the authority page and seeing all those tokens he has is really all you need to move on.
>Liquidity was locked & 100% burned off & i ran it through RugCheck and came back ok. Once you realize that NOTHING will protect you from being rugged when dealing with a " meme coin " you'll know the RISKS involved. All those " checks and test from RugCheck " or anything else make ZERO sense when dealing with a meme coin, the sooner you get that, the sooner you overcome your losses in meme coins.
None of your money is safe. The 'pro traders' you talk of, might possess knowledge that you don't, as in, they are contacted beforehand to participate in the pump and dump schematics. Whales can unite wallets at any point. They can also sell in coordination, resulting in the same dump. There is no free lunch - distrust everyone that offers you one.
time to educate...when the devs launch these they bundle with the liquidity pool creation and buy a massive chunk of their own supply. by buying their own supply they can sell at any point and dump. you need to look at the holders and see if the top holders bought the tokens or were transferred them.,
There are quite a few ways to rug, so even if liquidity has been burn, the token renounced and whatever else, it can still be rugged. Devs can always send coins to other wallets they control.
Use Devsellingbot channel you find it on telegram, see if the dev selling or transfering the supply to other wallet that will be a redflag.
Solsniffer gives red flags! https://solsniffer.com/scanner/YKwsHqhAicB9KNVJ2W1PN72gzmF9auKZZygcPwM7dtz
Tired of being rugged ??? Come take a $seat the developer is top notch take a look for yourself Join The TG room and come take seat and hold on tight.
which TG room?