Aside from CCs hate for meme coins if you’re looking to get into shitcoins at least do some research on the contract, devs, fees, etc It’s not foolproof but it’s better than nothing
Sites like tokensniffer_com will give you some helpful info like:
-Swap Analysis -(if the) Token is sellable (not a honeypot) -(if the) Buy fee is less than 5% -(if the) Sell fee is less than 5%
-Contract Analysis -Verified contract source -(if the) Ownership renounced or source does not contain an owner contract -(if the) Creator not authorized for special permission
-Holder Analysis -(if the) Creator wallet contains less than 5% of circulating token supply -(if) All other holders possess less than 5% of circulating token supply
-Liquidity Analysis -Adequate current liquidity -Adequate initial liquidity -(if there’s) At least 95% of liquidity burned/locked for at least 15 days —(if the) Creator wallet contains less than 5% of liquidity
Make your own informed decisions
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