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Rug Pull Red Flags: Before-You-Buy Checklist
Run through this list before you buy any new memecoin. The more boxes you cannot check, the bigger the risk.
Contract and token
- I copied the contract address from the official source, not from a random reply or DM
- Mint authority is revoked (no one can create more tokens)
- Freeze authority is revoked (no one can freeze my tokens)
- I can sell: it is not a honeypot (check with a token scanner first)
- The token is not a copycat of a famous coin with a slightly different name
Holders and liquidity
- Liquidity is locked or burned
- The dev and top 10 wallets do not hold a huge share of the supply
- Holders are growing naturally, not one giant wallet buying
- There is enough liquidity that I can actually sell my position
Community and hype
- There is a real community talking, not just bots and rocket emojis
- Socials are older than one day and have real activity
- Nobody is promising guaranteed gains or “100x”
- I am not buying only because someone told me to hurry
Protect yourself
- I am using a separate wallet with only money I can afford to lose
- I never shared my seed phrase or private key
- I decided my exit plan (take-profit and max loss) before buying
- I double-checked every link and bot username
Score: If you could not check 3 or more boxes, skip it. There will always be another coin. Not financial advice. Most memecoins lose value and many go to zero.
Learn more free: Avoid Disaster · Slang Dictionary · Memecoin Basics
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