How to Avoid Memecoin Scams: 5 Key Tips

Simran

Verify the team’s identity—avoid memecoins with anonymous developers or no public profile.

Demand a clear roadmap and whitepaper; vague or missing plans are a red flag.

Review tokenomics—watch for insider-heavy allocations and hype-driven marketing.

Check smart contracts for audits—scam tokens often skip or fake security checks.

Monitor wallet distribution—few wallets holding most tokens signals rug pull risk.

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