How To Identify Fake Solana Memes Coins? Dear Crypto Lovers, Welcome To NextBitcoins.com. In This Post, We Will Talk About How To Identify Fake Solana Memes Coins. It’s an Important Topic Nowadays, Because, You Know, Guys, Solana Memes Coins Are 90% Fake.
Everyday, Beginner Crypto Traders Are Losing Millions Of Dollars Due To These Fake Memes Coins. The Bad Thing Is That These Memes Coins Are Growing Day By Day.
I’m Not Saying That All Coins Are Fake. You Know, Guys, We Have Some Big Projects, Some Big Solana Memes Coins. But, We Also See Big Scams, Like The Owners Of Memes Coins Dumping Coins And Taking Millions Of Dollars Daily.
Now, The Question Is, How To Identify Fake Solana Memes Coins? I’ll Share Some Tips And Tricks. Follow These To Avoid Losing Your Money. Let’s Get Started.
How To Identify Fake Solana Memes Coins?
Use Dex Screener To Check If Your Selected Meme Coin Liquidity Is Locked Or Not. This Is A Very Important Part. You Can Identify 20% Of The Coin’s Authenticity By Checking Liquidity. To Check Liquidity Of Any Coin, Follow The Below Steps:
- Go To DexScreener.com
- In The Search Bar, Search For Your Selected Meme Coin By Name Or Contact Address.
- As You Can See In The Below Image, My Selected Coin’s Liquidity Is Locked. Also, The Website And Social Sites Links Are Added. This Means I Can Trust 20% In This Meme Coin.
Another Main Point To Check If Solana Memes Coins Are Fake Or Real Is Birdeye. A Lot Of People Use Birdeye To Buy And Sell Solana And Other Chain Memes Coins. So, We Will Check The Remaining 80% Reliability Score From Birdeye. To Do This, Follow The Below Steps:
- Go To Birdeye.so
- In The Search Bar, Search For Your Selected Meme Coin By Name Or Contact Address.
- Now, In The Overview Section, You Will See The Coin Details Like Public Name, Address, FDMC, Max Total Supply, Total Holders, And Also The Coin Website And Social Links.
- After The Overview Section, You Will See The Safety Check Section. In This Section, You Will See Trading Date.
- In The Security Section, Mintable Is Very Important. If The Mintable Is Yes, Then This Means Don’t Invest In That Coin. But If The Mintable Is No, Then The Coin Looks Okay.
- What Is Mintable? Mintable Means The Owner Of The Coin Can Issue More Tokens And Dump The Coin. So Always Make Sure To Invest In Coins Where Mintable Is No.
- The Second Option Is Mutable Info. If The Mutable Is No, Then This Means Coins Look Okay. But If It Is Mintable (Yes), Then Try To Avoid Investment.
- What Is Mutable Info? Mutable Means The Owner Of The Coin Can Change The Name And Coin Logo. So Make Sure Not To Invest In Coins Where Mutable Info Is Yes.
- Other Details Include First Mint Tx Address, First Mint Time, And In The 5th Number, You Will See Ownership Renounced. If The Ownership Is Renounced, Then No One Can Execute Functions Such As Mint More Tokens, Etc.
- In The 6th Number, You Will See The Coin Owner Address. This One Is Amazing. You Can Check The Owner Address. Also, In The 7th Number, You Will See Owner Balance. Always Check These 2 Things. If The Owner Has A Lot Of Own Coins, Then Try To Avoid Investment, Because They Can Dump The Coin Anytime. After This, You Have Other Things To Check In The Security Section.
- Top 10 Holders: In This Section, You Can Check Top 10 Holders. Try To Check Each Address Of The Holders And Identify If The Holders Are Long Holders Or Not.
Dear Crypto Lovers, You Can Follow These Setups To Identify If Solana Memes Coins Are Fake Or Real. Don’t Miss Any Setup Otherwise You Will Lose Your Money And Time. Stay Safe And Leave A Comment If You Like Our Post For More Such Content. Please Remember The Name NextBitcoins.com. Good Day!”
⚠️Warning😒
“I’m not your financial advisor ✅. I’m just sharing my own knowledge. Please do proper research before investing. Thank you. 🙏🏻✅”
