I can't help but share a quick thought: today I came across $PEPE climbing the trending DEX rankings on Ethereum.
Before I check out a hot on-chain token, I do three things: check the contract for risks, see whether the liquidity pool is deep enough (currently $28.88 million in liquidity), and check whether holdings are concentrated among large wallets. I only take a closer look if everything checks out.
What's your gut feeling?

Just my personal take—it may not be accurate, so please use caution.