Expose Series . Part 2
One of them shared the tool's code with me!
Here’s a detailed explanation of how they execute rug pulls without giving you any way to notice
To understand how to avoid rug pulls, you first need to know how these rugs are executed from the developer’s side.
A few days ago, I discovered a tool developers use for rug pulls and concluded that the tools available to analyze meme coins lag behind those rug pullers' use.
One of these insiders sent me one of the tools they use.
I was amazed by how powerful it is.
The tool is developed in Python and can be executed via a command-line terminal. It includes all the options insiders need.
hey start by generating new wallets using one of the tool’s options.
The tool allows them to create as many wallets as they want.
They just need to specify the number of wallets they need, and they are automatically generated.
Once the independent wallets are created, they fund them using the “Wallet UI” and “Fund wallets” options.
The amount is randomly distributed across all the wallets.
These wallets are funded from various addresses, making it impossible to link them together.
For each funded wallet, they automatically create fake volume on Raydium and Pump Fun to make it look like these wallets have been used in the past.
This adds realism to the strategy. This step is the most time-consuming part.
Then, they are ready to launch on Pump Fun.
The supply bought by the developer is automatically distributed across all these wallets.
On-chain, you’ll see that the developer only holds 1% of the supply, but you won’t know that they control another 20% across various unlinked wallets.
As you can see, everything is managed by the tool, but that’s not all!
When the meme reaches a certain market cap, they have the option to sell everything from all the wallets with a single click, making the process incredibly fast.
Before selling, they usually create fake volume again using automated tools.
I’ve made an article detailing how they generate fake volume.
Don’t be naive, most of what you see is fake, especially with memecoins.
It’s frightening because there’s no tool available that can detect the use of such sophisticated tools.
Forget about Rugcheckxyz or Token_Sniffer, they won’t catch anything!
Even bubblemaps won’t show you the connections between wallets.
So, what can you do?
One alternative is to check the social activity.
High trading volume should correspond with high activity on social platforms like Twitter and Telegram.
Unlike wallet bots, social bots are much easier to detect. You can use TweetScout_io (X) for this.
The tool I’ve shown you is highly effective, and don’t believe anyone who says you can create such a tool with chatGPT alone.
While chatGPT can assist in development, it won’t build it by itself.
If you’re not a developer, you won’t be able to create tools like this. It requires a lot of technical skills.
I’m not showing you this so you can use these kinds of tools yourself, but to make you aware of how some developers manage to rug pull without it being detectable beforehand.
Also, be careful about running any tools on your computer, as some might be malicious.
part 3: The Reentrancy Attack is one of the most destructive in crypto, yet still one of the least known.
I hope you've found this article helpful.
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