shamdoo

List of 4 things that automatically make me avoid buying a memecoin and filter out majority of trash:

1. When the amount of people buying using a bot (35 in this picture) is anything less than 25/30% of the total holders (239) I always avoid as it indicates bundling of some sort

99/100 times these will rug, though every now and then you can get a special case where the supply is bundled in moral intention to reduce sell pressure, and not to farm. Though, very very rare! 

2. Obvious, but when volume is significantly less than MC, or anything less than MC for that matter.

2. Sometimes coins will pass the aforementioned test and that's where I look at top holders - sometimes you'll see a case where these top holders have exactly one transaction, are a brand new wallet, and hold a VERY odd amount of coins consistently, ex: 0.4549%

Again, same case - usually means a farm/bundle rug, but every so often (1 in 100 times) you will get a ethical dev and a coin like this will moon with limited sell-pressure

3. If you are checking twitter pages and see a follower count / average view count abnormally high, it's a dead giveaway.

No coin should have more than a few thousand views on all their tweets fresh off launch if truly a fair launch 

ex: why does this coin that launched 40 minutes ago have a tweet thats TWO days old and 1200 views?

and their tweets from an hour ago only have 100/200 views? More than likely a recycled account that's rugged the coin before

Can also save yourself time by just searching the name of the coin into BullX/Photon/DexScreener directly and looking for duplicates

4. Any coin that has majority of top holders not using a bot and majority of top holders have a singular transaction is always a rug, no question 

Main process I go through:
- Check if volume is higher than MC
- Make sure all top holders are legit buyers
- Make sure coin is not silently bundled (point 2)
- Make sure linked social is legit / fair launched
- Make sure linked socials under that social are legit, ex: website/github

If coin passes all these tests I will usually ape and then proceed to do more research which I will discuss in-depth on another thread 

Yes, very basic, but hope this can help out some of the noobies who don't use any tools (:

the next 100x memecoin

a thread (1/23)👇 

its a dog.

that only goes up

(end of thread) 🧵