A single quick trade can net you $10,000+ 🤑, 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:
1️⃣ Check Socials & Website:
- 🔍 Brief Check: Active socials with good engagement indicate a well-planned project.
- 🎨 Design Matters: Unique and professional design suggests the project is well-maintained.
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2️⃣ Check Security Audit:
- 🔑 Crucial Step: Look for an audit to uncover hidden issues.
- 📊 No Buy/Sell Limits: Ensure the token has no restrictive limits.
3️⃣ Analyze Holders:
- 📈 Distribution Check: Top 10 holders should control less than 30% of the token.
- 🛠️ Use Tools: Utilize tools like BullX and Birdeye to analyze wallet activity and legitimacy.
4️⃣ Spot Insiders:
- 🚩 Red Flag: Tokens added manually for insiders are a bad sign.
- ✅ Green Flag: Insiders buying in boosts volume and can be a sign to copy-trade.
💡 Master these steps to quickly identify quality projects and avoid scams. Speed is your ally—enter early, profit big! 💸