Avoiding Memecoin Scams: Tips and Resources for Investors

We have all witnessed the explosive price increase of memecoins within a very short time span. For instance, the price of $Pepe increased by 2216% in just 13 days.

Following this insane Pepe price explosion, many memecoins have been issued, and investors have been stuck at the peak with their valuable money. It is already too late to make huge profits through the memecoin trend that may increase by thousands of percentage points in just 2-3 weeks. Smart investors have already sold out most of their holdings around the peak, while private investors started buying in the FOMO.

We should, at the very least, avoid any scam coin, even if this memecoin trend has not given us much profit. This website can be used to check if a coin is risky or not:

Scam Check Sites

• https://detecthoneypot.com
  

  

  

• https://isrug.app/
  (This site may not work properly at this time. If it doesn't work, please check it later)

These two sites perform transaction simulation tests, but simulation tests cannot guarantee the permanent safety of the coin. At any time, developers could shut down all sites and take much of the customer's assets after passing through this test. This test is a very basic one that helps users determine if a coin is not a scam at this time.

Harry Potter Library (HPL) Community

Please join the HPL community. I will upvote all members' posts. Simply join and post there using the tags "hpl" or "harrypotterlibrary" in your post.

• Community Address: https://steemit.com/trending/hive-140602
• About HPL Community:
  EN: Harry Potter Library - HPL
  KR: 해리포터의 도서관 (Harry Potter Library, HPL)

Even if you post through another community adding the tags, I will upvote your posts for limited period. Let's build our community together. I will support you.

• HPL Community on Blurt:
  Just add the "hpl" tag and I will vote for a small amount