A single quick trade can net you $10,000+ đ€, but you need to act fast and analyze the token in under a minute to avoid scams and make those 50x gains. Here's how:
1ïžâŁ Check Socials & Website:
- đ Brief Check: Active socials with good engagement indicate a well-planned project.
- đš Design Matters: Unique and professional design suggests the project is well-maintained.
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2ïžâŁ Check Security Audit:
- đ Crucial Step: Look for an audit to uncover hidden issues.
- đ No Buy/Sell Limits: Ensure the token has no restrictive limits.
3ïžâŁ Analyze Holders:
- đ Distribution Check: Top 10 holders should control less than 30% of the token.
- đ ïž Use Tools: Utilize tools like BullX and Birdeye to analyze wallet activity and legitimacy.
4ïžâŁ Spot Insiders:
- đ© Red Flag: Tokens added manually for insiders are a bad sign.
- â Green Flag: Insiders buying in boosts volume and can be a sign to copy-trade.
đĄ Master these steps to quickly identify quality projects and avoid scams. Speed is your allyâenter early, profit big! đž