Don’t Get Rugged! A Guide to Picking Safe Meme Coins

Memecoin! Memecoin, memecoin! It's another method to earn a lot of money in the cryptocurrency field, and I'm sure most people have been hearing about it. If you find the perfect token, memecoin can transform your $10 into hundreds of dollars in a matter of minutes. Family, it's no cap. It's the reality. But before you dive in, there are a few things you need to take into consideration, and I'll help you sort them out in this tutorial. So listen carefully, get some popcorn, and read.

Step 1:

**https://dexscreener.com/ :**

Use this to check any memecoin you want to buy. For new coins, always check their performance across different timeframes: 1hr, 6hr, 12hrs, or 24hrs. Dexscreener is a tool for tracking and analyzing tokens across multiple DEXs, similar to TradingView.

Now select any token of your choice:

After that check for this

• Make Sure the liquidity is locked (Locking liquidity is crucial when choosing a meme coin or any other cryptocurrency, as it provides assurance to investors and reduces the risk of malicious actions such as a rug pull . (What is a Rug Pull? This occurs when developers of a token remove all liquidity from the pool, causing the token's price to crash and investors to lose their money.)

Copy the contract address. (A contract address is a unique identifier used on blockchain networks (such as Solana, Ethereum, Binance Smart Chain, etc.) to represent a smart contract deployed on the blockchain.)

OR

That's how to copy the contract address. Just locate any on Dex

Step2: Go to 👇🏽👇🏽👇🏽

**https://birdeye.so/ : This is to check for holders and to know how many are holding.**

NOTE: If anyone is holding more than 50% of the token, it is very risky because if the person decides to remove their funds, everybody loses.