Rinkovhai
@rinkovhai
Unfortunately, scams are very common in cryptocurrencies. Thousands of people get caught up in memecoin scams and lose their money to scammers. Unfortunately, there is no way to fix it But you can reduce the likelihood of falling for it. I will tell you more about it below 👇
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Rinkovhai
@rinkovhai
1/ In the world of cryptocurrencies, scamming has become a highly developed way to make money. But why is this the case? Scammers can easily turn 1 Solana into 100 $SOL by deceiving people. I want to explain how they do it and what Rug Pulls are.
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Rinkovhai
@rinkovhai
2/ To understand what a scam token is, you need to pay attention to these factors: If the Top 10 Holders have over 10-15% of tokens, it's likely a scam. They'll sell when the token grows, causing its value to plummet. If transactions are frequently transferred from one wallet to another wallet, this is also very suspicious. And if the Dev holds more than 5-10%, it is also better to skip it.
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Rinkovhai
@rinkovhai
3. Analyse 4/ You also need to check the uniqueness of the memecoin you found. It should be suitable for your strategy. Go to PumpFun and enter the name of the memecoin you found. If there are a lot of copies of them, this is a warning signal.
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Rinkovhai
@rinkovhai
5/ In order to make good money on the token you found, you need to find a good entry point. 6/ Also, the token must have some reason why it starts to grow very strongly.
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Rinkovhai
@rinkovhai
7/ So remember that scams are everywhere, and there is always a chance to fall for them and lose money. But there is also an opportunity to earn money, so check the tokens as much as possible, do not rush to buy. It is better to earn less than to lose a lot. Always DYOR
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