Chapter 2 - Spotting Risks in Meme Coins
IN THIS LESSON
Rug Pulls 101
A “rug pull” is when devs hype a coin, hoard tokens, then sell everything and disappear, crashing the price.
Example: Squid Game token (SQUID) in 2021—pumped to $2,800, then devs pulled $3M, leaving it at $0.
Signs: No locked liquidity (tokens devs can’t dump), anonymous teams, or crazy promises (e.g., “100x in a week!”).
Tip: Use memecoin.doctor (wink) to check holder concentration—if one wallet owns >30%, beware!
Bottom line: If it smells like a scam, it probably is—verify before you buy.
