Tracyit 🥰
@tracyit
HELP I'm so confused Help me understand. I saw this shill and a few frens jumped in so I was gonna too. But I got there and saw all sorts of red flags -low liquidity (in fact no initial LP) - top 10% of holders own more than 50% - Mint function is not disabled. so more tokens can be created anytime - Dev tokens are still in play On the other hand so many BC holders are in, and the first 70 buyers looks dreamy and only 4% are insiders
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Breech 🎩🍖Ⓜ️
@breech
Low effort shit, didn't add liquidity on either ETH or Solana. Could do well, but I'm not touching it. Sold my drop that after 80000% gains was worth $75 lol. Pathetic
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Tracyit 🥰
@tracyit
After I thought about it a moment, I realize the insiders were the blue chip holders 🤓🚩🚩 which is normally a good sign
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Breech 🎩🍖Ⓜ️
@breech
Can be a good sign, depends if they're also the snipers who are now dumping because they knew to get in during the beginning. It's all shady as shit to me, personally.
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Tracyit 🥰
@tracyit
Agree, looking at the action/activitiy of those wallets is vip Care to share how you pick through the haystack?
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Breech 🎩🍖Ⓜ️
@breech
Just the usual sets of tools, in the SOL world we play a lot of tokens launched from pumpfun so they're safe without needing to search contracts thankfully. Also, I've always been a big proponent of people utilizing other people in this space, you can't navigate this market alone and expect to be able to stay up to date. Even spending 10 hours a day in this space wouldn't be enough to keep more than single digit % of what's going on. So, being in groups with like-minded individuals all doing the same and sharing info is the best way, and even then it's still impossible to stay on top of everything. Discords and TG's are the way, I prefer Discord though, never been a big TG fan. Some of the tools: https://rugcheck.xyz/ https://de.fi/scanner https://tokensniffer.com/ https://honeypot.is/ https://gopluslabs.io/token-security
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