Degen

How to Start a Scam Meme Coin (And What to Avoid)

(A purely educational piece so you don’t fall for these tricks, DEGENs 😉)

1️⃣ Step 1: Fake Decentralization

You don’t want people to know you control 80% of the supply, so you split it across 500 wallets. Make it look like a fair launch. Meanwhile, your burner wallets are ready to dump on exit.

Stay safe: Always check holder distribution.

3️⃣ Step 3: Buy Influencers

Find a washed-up influencer. Pay them to tweet, “Just aped into $SCAM 🔥🚀.” If they’re really dumb, they'll even post their buy & sell transactions 💀.

Pro tip for survival: Never trust shills.

4️⃣ Step 4: FUD the Competition

Why just shill when you can kill? Fake screenshots, "devs are dumping" posts, bot spam... Make your competitors look like the scam while you rug in peace.

Stay sharp: If a coin's marketing is 80% FUD, it's a psyop.

5️⃣ Step 5: Hype Before the Rug

- Launch a “partnership” (fake).
- Announce a “CEX listing” (unconfirmed).
- Promise a burn (never happens).

Price pumps, normies ape in. Exit liquidity secured.

Your move: DYOR before chasing green candles.

6️⃣ Step 6: Dev Wallet Vanishes

Rug pulled, team wallets cashed out. Blame “hackers” or “bad actors.” Announce “V2 relaunch” to milk the last bagholders. If you hear this: Run. Fast.

7️⃣ Step 7: Repeat with New Token

New logo, same playbook. They never go away, just rebrand. Remember: Scammers don’t retire; they just change tickers.

8️⃣ Stay Safe, Stay DEGEN 🔥

If it looks too good to be true, it probably is. Always check tokenomics, wallets, and hype sources. Meme wisely.

2️⃣ Step 2: Wash Trading & Fake Volume

No one wants to buy your scam? No problem! Just trade with yourself. A few bots bouncing tokens back and forth = 🚀 Volume looks real. People FOMO in.

Watch out: Check CEX/DEX volume vs. real liquidity.