I trade memecoins on pump.fun and everyday I see people get rugged because they don’t dyor before buying a token. For example, a token just launched and it is pumping, website is nice and it has twitter. I go to its twitter and I noticed it posted a different ca than the one that’s just launched. It’s already a red flag, but some people still bought and even commented stuffs like ‘lfg’, etc. Another example is another token launched and is pumping, and I go to search this token on pump and find out it has been launched multiple times, that’s already a red flag too. These people are clearly not doing any research and just buy tokens that are pumping.
If you’re too lazy to dyor, stay away from memecoins. You’re just gonna lose money.
submitted by /u/mustard_mind
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