During recent times, we saw a few certain meme coins providing life changing gains to certain investors. Fuels from this, today we see a train of meme coins being created and dumped at retail investors. Some will rise, but most will fall. That’s the truth in this game.
So before you jump into any meme coin, make sure to do you own due diligence.
Team behind the coin - Are they experienced, reputable developers or just some random cartoon characters in twitter
Tokenomic - Understand how much coins are shared to community and how much is kept with team
Smart Contract - go through the contract features to see if there are out of ordinary codes
Liquidity lock - See if DEX liquidity is locked so they can not rug pull investors.
These will help to identify potential red flags 🚩
