🚨 Attention crypto traders! 🚨

Over the years I have been working with Scam Alert Global, I have noticed that many people fall into one of the most common schemes: Pump n' Dump.

A pump-and-dump scheme in the crypto world occurs when the price of a coin is artificially inflated through misleading hype and marketing, only for the creators or early investors to sell off their holdings at a profit, causing the price to crash and leaving other investors at a loss.

Unfortunately, at the time I am writing this article, many investors lost their capital in schemes like $Hawk $Pupdodge $Squid.

When it comes to spotting potential pump-and-dump meme coins, here are some red flags to watch out for:

🔴 Sudden and extreme price spikes

🔴 Lack of fundamentals or real utility (read white paper)

🔴 Social media hype and promotions

🔴 Low trading volume and liquidity (under 100k a day in trading volume)

🔴 Pump and dump groups or individuals promoting the coin

🔴 No LP lock (check with smart contract)

🔴 Whales holding onto large bags of tokens that can potentially influence the price (over 10% of the total supply. Again check with smart contract)

To help you spot these red flags before buying, consider using tools like RugScreen, Certik, Solidity Finance, Token Sniffer, and BscScan. Conduct thorough audits and due diligence to protect your investments and trade smart! 💸📈#pumpanddump #blockDAG #SCAMalerts #hawktuah #squidgame