Bitcoin Forum

This contract address has constantly been creating meme tokens. the owner has been creating new tokens, adds to the exchange and then removing it.
https://bscscan.com/address/0x608756c184a0723077b0c10f97f4d054c9ee1c0f
 you should try as much to avoid the tokens being launched here. although it might look like a bot. it is recommended to avoid the address to avoid getting dumped.

I have been doing some background checks lately and almost 99% of the so-called meme tokens are scam, ranging from rug pulls, honeypot scam to rebase scams. It's quite a shit show right now with those ERC20 and Binance smart chain tokens.

My advice is if someone does not one to lose money to scammers. They should completely avoid the shitcoins.

I am so sensitive about alt-coins and I up the sensitivity when it's about meme coins I have no plans of getting anyone, but when ever an accusation is made I reason in two ways, you didn't give instances about your accusation about the contract, I can also come with a contract address as you did a lay accusation on it, possible this can be true or a not but have you any other complaints from someone else about the contract address, -Newbies- be sensitive about memecoins out there they seem to be having too many shillings.

It's the best they can get I guess when creating different token/memecoins/shitcoin and shilling it to create hype. Newbies are always be the victim in this kind of scheme since they don't know actually what to do. Newbies should avoid all memecoins at all cost since almost all of these memecoins are being created to make a hype then if it's not profitable enough, a common rug pull is made. This is always their common movement and I guess the contract address might be a bot that seems to automatically create a token if rug pull is made or the token is done shilling.

How did you track this address? It is really active in creating tokens as you said. The last one I saw minted was called "CovidCoin" and a liquidity pool on PancakeSwap was immediately created after that. It sounds dumb to buy these tokens but some noobs are actively chasing profits. They buy anything shilled on social media platforms like Twitter and Tiktok.

this contract is probably just one of many. Guys, please think about this. Even projects with said clear underlying or backed up by real-life assets can scam you, what more meme coin projects without any utilities and clear fundamentals. Don't ever ride the hype if you don't know-how. Even those who have knowledge about it could fall and drown. The wise thing is to avoid investing in that kind of project wholly. Sure, they can give you some short time profits in a big amount, but it's so risky even riskier than some of the ordinary altcoins.

That guy was not only removing the liquidity and add garbage tokens. That guy was also manipulating the price. It seems like he already farmed so many BNB coins and you can also see from his activity.

It's different with the bot. The bot can't mint the token easily like that. It's already minted by someone who have been fooling the newbies to buy his garbage tokens and he was rugpulling them all. It can be known from the activity from such an address. That address was always minting a new token and then he was swapping his BNB to his own token and then he was converting back again. i small something fishy with it.
The scammers were always issuing so many new contracts and they were creating experiments with it by adding liquidity that he thought that this can put his coin on the trending topic and new joiners will come in.

Thanks for the warning, yeah there are a lot of scammers right now, and it's obvious because we are in a bull run and they will do everything to dupe people with their hard earn money.

So it's better to really check first the address, and the people behind this address really knows what he is doing. And I do believed that this is compose of certain individuals, who manipulates it as describe by the OP.

All meme tokens are created to be listed on exchange, catch first pump just to dump bags on investors (word "gambler" is better here, because "investor" uses complex analysis to back its moves on the market ... much more complex than ... "oh what a nice name for a token ... lets jump in"). All meme tokens should be avoided not only created by this contract address.

Or just avoid most meme coins mostly.

Thanks for the warning and we appreciate it.

Those that are liking to get invested into meme coins, you should choose what you think is the best and suits you. But if you're just randomly choosing what to invest, you're likely to burn your funds most of the time.

Exactly, people are blindly investing because of the hype and that was most meme coins do, they are hyping just to lure investors.
I doubted it too that most meme coins are scams aside from Dogecoin which is not but most likely.  Spend time researching if they are truly useful so that people will invest in them.

IMO, investing altcoins as of now is very crucial especially those that are hype.  I remember squid token which was hyped last month and I know it was obviously a scam token.  But however, despite that awareness, there are too many investors and risking their money, so I think people really want shorty term earnings no matter how risky it is.

They are not the only ones, there are many developers in the meme coin industry because of the success of Dogecoin and ShibaInu, they are riding the hype or the trend because investors are on the look for new projects to invest in if you are not good in investing and how to look for a right project to invest, these meme coins are high risk and a high-risk investment means you have to get out at the right time if you are tempted to invest or make the right decision not to invest at all.

And that hype is still there.

I can feel that people are now having the standard of being quick in profits through every crypto that they invest. It became a standard because of the hype.

Well, that goes for the newbies when they've seen a lot of people made a lot of money from the hype of meme coins. But that's really wrong and a misconception.

It would be better to stay away from any meme coins and meme tokens as memecoins are not suitable for long term investment, because the use of the hype and meme trend will only last for the short term in the crypto space

It's still very natural for newbies to think that way because they also don't know how to understand the risks involved in meme coins so they only see price increases in the hype without thinking about dumping or falling prices next time.

Meme coins are pump and dump coins, huge supply with no usage and platforms to speak and anonymous developers, don't think that those investing here and pumping the price are legit investors like you, they are part of the team or group just pump these coins and they will soon do a rug pull, go for coins with proven usage and platform, profit is not that huge but you will not lose all your investment.

The hype trend on meme coins continues to this day, there are still many who believe in the newly launched meme coin even though they don't think about the product but an x10-x100 increase but in fact it is a big scam.

My friend has been hit by rugpull, honeypot, etc. but I have ranked it but still believes in this trash shitcoin until he says he wants to lose he will still do it, this is bad behavior after being given good advice by me.

Of course the fraudsters will eventually withdraw their rugpull after pocketing a lot of money.

Scam is The major part of Crypto industry. So maney People Don't Know How Scam With There, So I hope Frist Know Crypto How work, Then Thinking Investment

https://i.ibb.co/hMd9bP6/image.png

And damn it this scam managed to spend big profits. The amount of 35 BNB he has collected. it really hurts the meme coin that is spread to deceive investors who don't know anything because they are carried away by the meme coin hype. Of course this is in one address, how about other addresses that are still scattered under the pretext of meme coin.
They continue to spread this hype to no end, scammers will not stop here. So his best advice in investing is Bitcoin. Stop following the meme coin hype which guarantees nothing at all.

How can he add the coin to one exchange? Does that means he pays for listing just to scam somebody else? I am curious how much they are willing to risk just for this attempts to be successful.
Or, could it be that they are just listing to unknown exchange and not the reputable ones?
Different projects are being created now and developers are being wise trying to be anonymous and still get a lot of support from their audience. Trying to mimic satoshi or just preparing for a rugpull? Who knows? Better be careful.

That's all they see.

And that's why the newbies that are just looking for some gains short term, they're likely to go with the hype of the meme coins.

But sadly, many of the newbies are going with the wrong decision because they can still go short term but with a better coin.