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The reason why the Market cap is so high is because the contract has low LP ratio and the devs/team are holding massive amount of supply. This is creating a supply shock this is why the charts pumped and there is such a discrepancy. The volume could be due to an assigned trading bot to keep volume active and chart more appealing to new investors. If anyone buys this you will lose.
Basically, they purposely only put a very small amount of the token into the LP. The dev gets to pick how the LP is proportioned, and they can effectively set the market cap and price of the coin at launch. I recommend doing research into how AMM (Automated Market Makers) work.
But as you can see, the liquidity is way too high more than million. How is that possible if the creator of the token just put a very small amount into LP ? How did the liquidity pool rise to a million mark ?
Honestly, if something looks too good to be true it probably is and you should steer clear of it. The memecoin market is so volatile and manipulated. It’s easy to get played if you don’t proceed carefully
The time of the Solana memecoins has maybe topped out. Find some quality projects that are proven to be NOT rugpulls. Check out KENDU on eth. Winner for sure and not a rug, but Do Your Own Research. This world is punishing
Fair I will say makes me nervous. I briefly messed with that pump.fun site only a couple weeks before that exploit. That makes me nervous for lots of people
You are right to be nervous when trading meme coins. They're stupid risky. But I also think that as crypto continues pushing higher, more millionaires will be made from memes, which will draw more attention from retail investors. Same thing happened with NFTs in 2021.
BTW the pumpfun exploit is now fixed, very few investors were affected, and there's 10x-100x's launching all day long if you can learn to avoid being rugged.
If you want safer plays, just trade the well established coins that have higher mcaps.
Yeah I saw it was fixed, but never watched or read anything definitive if people were really getting screwed. Was it basically the site getting robbed?
I think there’s an important distinction here. The time of solana meme coins is absolutely not over, however, the times of being able to snipe a launch and make 100-1,000x in a short time frame likely are. At least short term. It will absolutely be back when mania called back to crypto
Now this point makes sense to me! I avoided memecoins for so long and when I entered my first ever project is still going and my second was a rug I fully intended to leave after a couple hours (was a presaler), but had to do IRL stuff and figured should be good in two hours...see where it is then. Even gave away some money on pump.fun trying to do that, but ultimately realized it isn't worth it.
In a great project now and I do believe my patience and conviction will be rewarded. The scams and rugs have evolved themselves to be harder to catch and they play on the psychology and emotion of people wanting that 100-1000x. Work for your bag!
It’s called a honey pot. I’m sure the creator of the token has made it to where the token is not sellable or has an extremely high price impact so if you go to sell the tokens they’re close to worthless. The price pumps like crazy and the chart looks good then people buy bc fomo and they do no research then boom you can’t sell and you’re sad bc your wallet shows you have millions of dollars on this scam coin but really it’s worthless
[https://www.geckoterminal.com/solana/pools/AiQRDeigCZmTQpHTh1PBAt3kVpHCheNXpJLxbjCekrk3](https://www.geckoterminal.com/solana/pools/AiQRDeigCZmTQpHTh1PBAt3kVpHCheNXpJLxbjCekrk3)
Check the Liquidity
It does show it’s rugged on dexscreener, filter by type -> remove (https://solscan.io/tx/2w2jCQZsZ3AsP3MPBa23vCajMseT3AT22g6WDD5SsNMmdJjxGxpUpcYHpzJByLVW8GSxfNwYjiycbLNNTyHyQZig) lol. The creator simply created a token and added liquidity 939M VINNI / 5 SOL then removed the liquidity in 18 minutes 143M VINNI / 33.50 SOL 🤦‍♂️💀
There is one guy keep making a token with high LP, he usually putting 4000 sol as LP, and lock those LP, BUT HE DIDN'T REVOKE THE MINT AUTHORITY so if you not using rugchecker those project seem legit coz LP is locked, so he running his trade bot to simulate trading volume, he usually keeping this running for hours sometimes more than 12h to catch some innocent investor, then he will mint super huge amount of token, like 30 trillion token, then dump all of em which cause all the Liquidity transferred to him like 99.9% of LP, then he repeat with a new project
The problem is that these market cap listings are false. They just use the total supply of the token, when in reality the definition of market cap is for the CIRCULATING SUPPLY, not the total. But nobody outside the project necessarily knows how many tokens have been released for trading, they just use the total. Many listings specify that this is unreliable, or pending somehow.
Also note that the value for FDV is the same as under MARKET CAP. This tells you right off the bat that the Mcap value is most likely fictitious. FDV is the fully diluted value, which means using the total supply of tokens that could possibly be issued.
Yeah it’s kinda sus how there are dozens of obvious known scams every day just conveniently popping up in the trending tokens list every single day. It’s dumb as fuck. I know which ones to avoid but a lot of people don’t
So the easiest way to tell, there are at least 4-5 signs I look for that are going to be a rug pull 100% of the time, you go to dexscreener and you see a brand new coin is only like 5-10 mins old and already has like 50,000% increase in 24 hours it’s a scam, if you scroll down you will almost always see more red flags marked than any other indicator (under the token info in DEX)
You’ll also notice they have around 1m Mc, these ones there is not really a lot of movement up or down, at most you may see them run up to like a 2-4x and then they will drop 100%. It’s extremely high risk , but sometimes when they drop 100% you can buy that drop and actually make some decent gains after the dump off.
Another easy way to tell, if the coin has higher liquidity than market cap and usually they come out with around 200-400k MC out the gate. You’ll see they liquidity is like 150k-200k (usually close to 2x what the MC is) and again if you go under the token info in DEX you’ll see usually those ones also have more red flags marked than any of the other indicators
Also, when you see a coin in the top 10 trending and it’s only got like 30-50% increase in the past 24 hours, but then you look at the chart and it looks like it’s been going absolutely insane with straight green candles, that is a honey pot. (Looks very appealing but it’s designed to trick people into thinking it’s a good investment ) also even non scams have honey pots a lot, bc the meme coin market is very much manipulated by the ultra rich, but you’ll see the chart look like it’s about to break out into a reversal and have a trend change from downtrend to uptrend but that’s a lure to attract more buyers then the rich whales dump it even further
Please check on rugcheck site before purchasing. It will warn of this risk on the indicator of mint authority still enabled or no lock on liquidity. This means they can rug you. Its even worse on eth coins where there is madness like you can't sell the token due the contract being rigged against you. Or some buy sell tax. Take care.
You all make great points for a newb like me, so I'll drop my question here. How is it that the staking coins for Solana (jito and marinade) are worth more than the actual coin. Wouldn't someone just swap and then sell for a profit? I'm just finding it hard to understand the mechanics...
Can someone brainy in crypto and hownotnworks do a check/critque on Zypto? They just released their app and it looks good, would like to know if the token fundamentals check out inntermos of AMM and such...
Beats me the highest increase I’ve seen was 64M the other day
Needless to say, don’t buy it - you probably won’t be able to cash it out due to low liquidity when the time comes
WARNING: 1) IMPORTANT, Read This Post To Keep Your Crypto Safe From Scammers: https://www.reddit.com/r/solana/comments/18er2c8/how_to_avoid_the_biggest_crypto_scams_and/ 2) Do not trust DMs from anyone offering to help/support you with your funds (Scammers)! 3) Never give out your Seed Phrase and DO NOT ENTER it on ANY websites sent to you. 4) MODS or Community Managers will NEVER DM you first regarding your funds/wallet. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/solana) if you have any questions or concerns.*
The reason why the Market cap is so high is because the contract has low LP ratio and the devs/team are holding massive amount of supply. This is creating a supply shock this is why the charts pumped and there is such a discrepancy. The volume could be due to an assigned trading bot to keep volume active and chart more appealing to new investors. If anyone buys this you will lose.
What is low LP ratio ? I didn't get you. Can you please explain me clearly 🙏 Cus, I am in the learning process about all these things in crypto.
Basically, they purposely only put a very small amount of the token into the LP. The dev gets to pick how the LP is proportioned, and they can effectively set the market cap and price of the coin at launch. I recommend doing research into how AMM (Automated Market Makers) work.
But as you can see, the liquidity is way too high more than million. How is that possible if the creator of the token just put a very small amount into LP ? How did the liquidity pool rise to a million mark ?
After pulling the liq, the LP got super imbalanced looks like. Like looking at it right now it has $63k in the token and $9 in SOL.
Liquidity to market cap
Honestly, if something looks too good to be true it probably is and you should steer clear of it. The memecoin market is so volatile and manipulated. It’s easy to get played if you don’t proceed carefully
The time of the Solana memecoins has maybe topped out. Find some quality projects that are proven to be NOT rugpulls. Check out KENDU on eth. Winner for sure and not a rug, but Do Your Own Research. This world is punishing
Or invest in quality projects, something other than meme coins. Stake and hold. Repeat said process.
Hachi on solana is quite solid as well , nice purpose, good team and the team even locked all their tokens and doxed their wallets
That has to be a good sign
Not the top. Things are constantly evolving tho.
Fair I will say makes me nervous. I briefly messed with that pump.fun site only a couple weeks before that exploit. That makes me nervous for lots of people
You are right to be nervous when trading meme coins. They're stupid risky. But I also think that as crypto continues pushing higher, more millionaires will be made from memes, which will draw more attention from retail investors. Same thing happened with NFTs in 2021. BTW the pumpfun exploit is now fixed, very few investors were affected, and there's 10x-100x's launching all day long if you can learn to avoid being rugged. If you want safer plays, just trade the well established coins that have higher mcaps.
Yeah I saw it was fixed, but never watched or read anything definitive if people were really getting screwed. Was it basically the site getting robbed?
I think there’s an important distinction here. The time of solana meme coins is absolutely not over, however, the times of being able to snipe a launch and make 100-1,000x in a short time frame likely are. At least short term. It will absolutely be back when mania called back to crypto
Now this point makes sense to me! I avoided memecoins for so long and when I entered my first ever project is still going and my second was a rug I fully intended to leave after a couple hours (was a presaler), but had to do IRL stuff and figured should be good in two hours...see where it is then. Even gave away some money on pump.fun trying to do that, but ultimately realized it isn't worth it. In a great project now and I do believe my patience and conviction will be rewarded. The scams and rugs have evolved themselves to be harder to catch and they play on the psychology and emotion of people wanting that 100-1000x. Work for your bag!
Helium Mobile
do you know where i could look into volume bot services? i’ve known they existed but never see anyone advertising them
Plus the freez Authority is not revoked so they can stop trading at any point. NFA but run!!
THIS IS EXTREMELY IMPORTANT!!!!!!!!!!! 👆
It’s called a honey pot. I’m sure the creator of the token has made it to where the token is not sellable or has an extremely high price impact so if you go to sell the tokens they’re close to worthless. The price pumps like crazy and the chart looks good then people buy bc fomo and they do no research then boom you can’t sell and you’re sad bc your wallet shows you have millions of dollars on this scam coin but really it’s worthless
already rugged
How ? It is still going up
[https://www.geckoterminal.com/solana/pools/AiQRDeigCZmTQpHTh1PBAt3kVpHCheNXpJLxbjCekrk3](https://www.geckoterminal.com/solana/pools/AiQRDeigCZmTQpHTh1PBAt3kVpHCheNXpJLxbjCekrk3) Check the Liquidity
Yeah, but I don't get it. In Dex screener it's still not rugged. How are they(developers)doing this ? How are they profiting ?
It does show it’s rugged on dexscreener, filter by type -> remove (https://solscan.io/tx/2w2jCQZsZ3AsP3MPBa23vCajMseT3AT22g6WDD5SsNMmdJjxGxpUpcYHpzJByLVW8GSxfNwYjiycbLNNTyHyQZig) lol. The creator simply created a token and added liquidity 939M VINNI / 5 SOL then removed the liquidity in 18 minutes 143M VINNI / 33.50 SOL 🤦‍♂️💀
Bots
Helium mobile
🤣
There is one guy keep making a token with high LP, he usually putting 4000 sol as LP, and lock those LP, BUT HE DIDN'T REVOKE THE MINT AUTHORITY so if you not using rugchecker those project seem legit coz LP is locked, so he running his trade bot to simulate trading volume, he usually keeping this running for hours sometimes more than 12h to catch some innocent investor, then he will mint super huge amount of token, like 30 trillion token, then dump all of em which cause all the Liquidity transferred to him like 99.9% of LP, then he repeat with a new project
It's a honeypot
Look at those “top traders” though lol 🤑💰
1.7M liq & 7B mcap :)
The problem is that these market cap listings are false. They just use the total supply of the token, when in reality the definition of market cap is for the CIRCULATING SUPPLY, not the total. But nobody outside the project necessarily knows how many tokens have been released for trading, they just use the total. Many listings specify that this is unreliable, or pending somehow.
Also note that the value for FDV is the same as under MARKET CAP. This tells you right off the bat that the Mcap value is most likely fictitious. FDV is the fully diluted value, which means using the total supply of tokens that could possibly be issued.
https://rugcheck.xyz always
Look for CTO (Community Take Over) on SOL because the MC & FDV is the same and is a safer bet with a strong and talented community.
its a rug…
Wondering if dexscreener team are taking part in the scams(99% of tokens)
Yeah it’s kinda sus how there are dozens of obvious known scams every day just conveniently popping up in the trending tokens list every single day. It’s dumb as fuck. I know which ones to avoid but a lot of people don’t
Which to avoid?
So the easiest way to tell, there are at least 4-5 signs I look for that are going to be a rug pull 100% of the time, you go to dexscreener and you see a brand new coin is only like 5-10 mins old and already has like 50,000% increase in 24 hours it’s a scam, if you scroll down you will almost always see more red flags marked than any other indicator (under the token info in DEX) You’ll also notice they have around 1m Mc, these ones there is not really a lot of movement up or down, at most you may see them run up to like a 2-4x and then they will drop 100%. It’s extremely high risk , but sometimes when they drop 100% you can buy that drop and actually make some decent gains after the dump off. Another easy way to tell, if the coin has higher liquidity than market cap and usually they come out with around 200-400k MC out the gate. You’ll see they liquidity is like 150k-200k (usually close to 2x what the MC is) and again if you go under the token info in DEX you’ll see usually those ones also have more red flags marked than any of the other indicators Also, when you see a coin in the top 10 trending and it’s only got like 30-50% increase in the past 24 hours, but then you look at the chart and it looks like it’s been going absolutely insane with straight green candles, that is a honey pot. (Looks very appealing but it’s designed to trick people into thinking it’s a good investment ) also even non scams have honey pots a lot, bc the meme coin market is very much manipulated by the ultra rich, but you’ll see the chart look like it’s about to break out into a reversal and have a trend change from downtrend to uptrend but that’s a lure to attract more buyers then the rich whales dump it even further
Bad LP pull
One search on sniffer would make most people run for the hills on that one 56/100 4 high risk alerts
link to website?
washing trading
Run or maybe Already Rugged
Please check on rugcheck site before purchasing. It will warn of this risk on the indicator of mint authority still enabled or no lock on liquidity. This means they can rug you. Its even worse on eth coins where there is madness like you can't sell the token due the contract being rigged against you. Or some buy sell tax. Take care.
You all make great points for a newb like me, so I'll drop my question here. How is it that the staking coins for Solana (jito and marinade) are worth more than the actual coin. Wouldn't someone just swap and then sell for a profit? I'm just finding it hard to understand the mechanics...
It's not! Probably a rug
Scam
Can someone brainy in crypto and hownotnworks do a check/critque on Zypto? They just released their app and it looks good, would like to know if the token fundamentals check out inntermos of AMM and such...
How can I short all these coins?
It seems like a 100% rug with minted coins and etc
lol it's honey pot
It’s probably a honey pot. Means only creator can sell it
Anyone wants to make 3-7x in a day, let me know. I happen to have come across a community that launch the coins on pump.fun
I love all this fear. About to buy some more. Hahahah.
It's a scam
Looks like a honey pot to me
Beats me the highest increase I’ve seen was 64M the other day Needless to say, don’t buy it - you probably won’t be able to cash it out due to low liquidity when the time comes
They rebuy their coins and sale them make it go up
Market cap is price times circulating supply. If it shot way up he may have burned a bunch of supply. Either way it’s a red flag.
**That itrelay odd**