Step 1: Apply Filters for Finding Rugged Coins

1. Check Liquidity:
   • Use Raydium or Orca to check the liquidity of the meme coin.
   • Red Flag: Avoid coins with less than $50k in liquidity.
2. Analyze Token Distribution:
   • Use Solscan to check the “Holders” tab.
   • Red Flag: If the top 10 wallets hold > 50% of the supply, it’s likely a scam.
3. Check for Audits:
   • Use RugDoc to check if the project has been audited.
   • Red Flag: Avoid coins with no audit or a “High Risk” rating.

Step 2: Spotting Scam Coins

1. Anonymous Teams:
   • Avoid coins with anonymous developers unless there’s overwhelming community trust.
   • Pro Tip: Use LinkedIn and GitHub to verify the team’s credentials.
2. Pushy Admins:
   • Join the project’s Telegram or Discord and observe the admins.
   • Red Flag: If admins are pushy or avoid tough questions, it’s likely a scam.
3. Unrealistic Promises:
   • Be wary of projects promising guaranteed returns or “too good to be true” rewards.
   • Red Flag: Avoid coins with no clear use case or utility.

Tools for Identifying Scams

1. RugDoc:
   • Website: RugDoc
   • How to Use:
     1. Search for the meme coin.
     2. Check the audit and risk rating.
2. Solscan:
   • Website: Solscan
   • How to Use:
     1. Search for the meme coin’s contract address.
     2. Check the “Holders” tab to see token distribution.
3. Birdeye:
   • Website: Birdeye
   • How to Use:
     1. Search for the meme coin.
     2. Check the “Tokenomics” tab to see supply and distribution.