Scammers make $100,000 a day $BTC
m$SOL
By creating fraudulent meme coins using platforms like PumpFun and Raydium. Their strategy includes:
1. Create new tokens and fund them from clean wallets.
2. Fake the health distribution to make the tokens appear legitimate.
3. Performing a dump by suddenly selling tokens, causing their value to collapse by 99%.
How to avoid fraud?
Check out comments and activity around the code.
Monitor early buyer patterns and portfolio funding sources.
Avoid symbols that appear suddenly without clear context.
Bottom line: Be careful, and check the codes carefully to avoid falling victim to these schemes.