I recently bought a memecoin, FKJzpnXXkTXQjHK7bTad3QJnp7cgHZjbXsF7x4V3WMjb, after checking it on Photon.
- LP burned ✅
- Mint & freeze authority disabled ✅
- Top 10 holders had low % ✅
- MC and Liquidity were not low ✅
Seemed to check all the boxes there.
But one minute after I bought in, the market cap crashed, and the chart stopped moving.
I’m a developer (not in blockchain) and would love to understand how this happened. Any resources to learn more about memecoins, rug pulls, and avoiding scams would be much appreciated! Memecoins seem like a fun side hustle, but I want to avoid getting burned again.
submitted by /u/SomeArgument4537
[link] [comments]
Join The SmashBotAI Telegram Community Now! Get trade alerts, smashable token trade ideas, and more!
https://t.me/smashbotcommunity
Start Trading Now:
SmashBotAI Telegram Bot