Author: MARMOT

Compiled by: Deep Tide TechFlow

On Dexscreener, most Meme coins are scams!

Below are common tactics used by scammers and methods to protect yourself.

How to distinguish scams from real opportunities?

With the popularity of Meme coins, related scams are also on the rise.

Many seemingly promising tokens are actually designed to empty your wallet.

Even experienced traders have suffered significant losses in these traps.

The Meme coin market changes rapidly, and scammers know how to take advantage of the hype.

Let's explore how they operate, and most importantly, learn how to protect ourselves.

Fake popularity attracts traders.

Scammers artificially inflate trading volume and create fake holder data to make their tokens appear very active. This attracts unsuspecting traders who mistakenly think they've found the next potential stock, only to fall into a scam.

What is the true purpose of these scams?

The main goal is to create hype. By making the token appear popular, scammers can persuade traders to invest. Once enough funds flow in, they withdraw liquidity and vanish, leaving others with worthless tokens.

How do scammers fabricate?

Scammers often use bots or improper services to make their tokens appear legitimate.

Although trading volume may be high, it's often just superficial.

Monitor liquidity changes.

Another important sign of a scam is rapid changes in liquidity.

If developers suddenly withdraw funds or liquidity pools shrink rapidly, it’s often a signal that they are preparing to retreat.

Therefore, it is essential to closely monitor the flow of funds within the project.

Continue with on-chain analysis.

Analyzing wallet distribution is key to identifying potential risks in crypto projects. Pay attention to token concentration—if a few wallets hold most of the tokens, it may indicate manipulation risk. You can use services like @bubblemaps to assist with this analysis.

Be cautious about newly launched tokens.

If a token suddenly skyrockets in ranking on Dexscreener but lacks background information, it may be a dangerous sign.

Scam tokens often appear quickly, catching traders off guard, and then disappear just as fast.

Frequently check their community.

Check their Telegram and Twitter groups for signs of real activity.

Scammers often flood these platforms with bots, posting generic hype like 'To the moon!' or 'LFG!'. If interactions feel forced or overly artificial, it’s an important warning sign.

Dive deeper into social interactions.

Even on Twitter, fake accounts can flood the comment section.

Real interaction comes from genuine conversation. If most replies are spam or bot-like content, proceed with caution.

You can also use services like @TweetScout_io to check the project's Twitter. On the token's Dexscreener page, copy its Twitter link and paste it into https://app.tweetscout.io to see if there are any known accounts following them, along with other details.

Final advice: Do not rely solely on surface metrics.

Trading volume and holder numbers can easily be manipulated.

Dive deeper into the project, check the team, their code, and any signs of transparency.

If everything looks rushed or suspicious, it's best to stay away.

Stay vigilant and remember: if something seems too good to be true, it probably is. Do your own research and don't let FOMO cloud your judgment.