Meme coins are high-risk, high-reward. But many are outright scams. Here's how to spot the warning signs before you lose money.
The 5 Red Flags
1. Honeypot Contracts
You can buy but can't sell. The contract blocks sell transactions. Always test with a small amount first.
2. Concentrated Ownership
If the top 10 wallets hold >50% of supply, the dev can dump at any time. Check holder distribution.
3. No Liquidity Lock
If liquidity isn't locked, the dev can withdraw it all, leaving you with worthless tokens.
4. Mint Authority
Can the contract create more tokens? If so, the dev can dilute your holding infinitely.
5. Suspicious Social Signals
Fake followers, paid shillers, deleted negative comments — all signs of a coordinated pump.
Use CryptoBoss's rug check API to scan any token automatically.