🚨As memecoins surge in popularity, so do scams that are ready to empty your wallet.

Even experienced traders fall into these traps. Let’s break down how they work and how you can avoid them.

Part 1👇

1️⃣How Do Scammers Fake It?: They use bots or shady services to make their tokens appear legit. You might see high volume, but it’s just for show.

2️⃣Be Wary of Suspicious Activity: Identical transactions or little price movement despite high volume? 🚩 Red flag! Scammers use bots to create fake activity, keeping prices steady before a crash. Real markets fluctuate!

3️⃣Monitor Liquidity Movement: Watch out for sudden liquidity shifts. If devs pull funds or liquidity pools shrink fast, it's a clear exit strategy warning. Keep an eye on how the money moves!

Stay safe, frens!

#LearnAndEarnQuiz #mememcoinseason2024 #MemeWatch2024 #MemeWatch2024