Scammers Earn $100,000 a Day by Creating Meme Coins, But I’ve Exposed Their Scheme—Don’t Fall for It!

Here’s a detailed breakdown of meme coins and the traps scammers set 🧵👇:

Bull Market Meets Scams

As the bull market heats up, meme coins are taking center stage. But with all the hype comes a surge of scammers eager to empty your wallet.

What’s most shocking is that even experienced traders can fall victim to these traps.

One glaring example of this is the misuse of platforms like PumpFun. While PumpFun wasn’t created for scammers, its features make it an ideal playground for them. With the sheer number of tokens created daily, scammers take advantage, often going unnoticed.

That’s why I’m sharing this—so you can avoid falling into their traps.

How Does the Scam Work?

1. Creating Tokens on PumpFun and Quickly Pumping Them on Raydium

Scammers start by funding a new wallet through centralized exchanges (CEX) or mixers. These wallets have no prior interaction with any tokens, making them appear clean.

They then create a token and simulate purchases from multiple wallets, giving the illusion of organic interest. What’s unusual is that no advertising or promotion takes place, yet the token gains momentum.

2. Faking a Healthy Distribution

To deceive traders, scammers ensure wallets aren’t linked to each other, and the token supply appears evenly distributed. No single wallet holds a significant portion of the tokens, which looks legitimate on the surface.


When traders analyze the token using tools like @bubblemaps, they find nothing suspicious. At this stage, many assume it’s safe and move forward with their investment.

The Critical Moment: The Rug Pull

Once the token attracts enough funds, the scammers strike:

1. They transfer the tokens into a single wallet and dump them all at once.

2. Alternatively, they sell off the tokens from hundreds or even thousands of wallets simultaneously, making it harder to track.

This level of sophistication often leaves even seasoned traders blindsided as they watch the token’s value plummet by 99% in an instant.

How to Avoid These Scams?

1. Check Comments and Activity:

For legitimate tokens, you’ll often see diverse comments in the token’s feed—discussions about DEX payments, banner designs, or other relevant topics. If the token is rapidly rising but the comment section is empty or sparse, it’s best to avoid it.

2. Analyze Early Buyers:

Genuine tokens typically have early buyers who leave at least 2-5 comments or likes. Scammers’ accounts, on the other hand, are often brand new with no interaction history.

3. Track Wallet Funding Sources:

Scammers’ wallets are usually funded via CEX or mixers, with their first transactions being token purchases. If you notice this pattern, stay away.

Conclusion

Scammers are becoming more skilled, making it increasingly difficult to detect their schemes. Always exercise caution with new tokens. Don’t be fooled by short-term gains—analyze thoroughly, review wallet activity, and protect your investments