This is the most effective trap even most experienced traders fall for
I talked about how they do it so you can save your money đ
PumpFun has emerged as a leading Solana platform, making it simple for users to create and launch new tokens
Launched in January 2024, the platform quickly gained traction by allowing easy minting and trading of memecoins, driving fast growth
While PumpFun continues to evolve with new features, finding those elusive 50-100x tokens remains a challenge
Currently, only 1.3% of tokens achieve a market cap of over ~$60K and secure a listing on Raydium
Many tokens on PumpFun get rug-pulled, often through methods that are straightforward to spot
However, Scammers now use sophisticated tactics, making them hard to spot
Hereâs how they manage to deceive buyers and pull in over 250 $SOL with every token launchđ
đžThey launch a new coin and push it to Raydium
âĄď¸Deployer wallet shows no previous transactions, with funds sourced from an unidentified CEX or Solnado.
âĄď¸A transaction bundler aggregates purchases from numerous wallets, which are also backed by Solnado.
đžDeceive BubbleMaps
âĄď¸According to @bubblemaps, the tool commonly used to detect rugs and supply concentration, this token seems completely legit
âĄď¸No dubious wallet connections or large amounts held by a single individual are evident
At first look, all wallets resemble genuine buyers
đžShill and wash trade
âĄď¸Post reaching a satisfactory market cap and moving to Raydium, they enlist some questionable influencers to promote the token
âĄď¸They fabricate trading activity to get the token noticed in DEX Screenerâs trending section
the same bundling software is used for executing the wash trades.
đžRug.
Here are two common tactics:
âĄď¸
Merge all the supply into one wallet and offload everything at once.
âĄď¸ Group transactions to sell slowly, avoiding a sudden drop.
Note: They cash out at peak liquidity, earning more than they spend on influencers and wash trading
What are the signs to detect these rugs before itâs too late?
Keep an eye out for these clear red flags đ¨
âĄď¸Low activity on PumpFun, often accompanied by bot-generated comments.
âĄď¸An unusual number of holders with less than 200-300 transactions in the Trades section.
âĄď¸Many transactions are marked as "originated from a bot."
âĄď¸Most buyers lack previous engagement on PumpFun, showing 0 likes and followers while holding identical coins.
âĄď¸Buyersâ wallets are funded from unknown sources on launch day, with initial transactions involving the same coin.
âĄď¸Ongoing wash-trading on DEX with identical trade amounts.
A few recent examples of 'bundled' coins
$SCARD, $WIWI $MOMONGA
I strongly suggest exercising caution with such tokens and always DYOR both on- and off-chain before making a move!
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