LOL! How does this even happen

[Anonymous No.58161739]

I was bored and looking at random new coins and sorting them by highest % increases/24h etc and saw this one. It was a few hours old and nothing but buy after buy as i was refreshing the screen, then boom! One big transaction rugs everyone do zero. Who were the people even buying this? Is this what people call sniping, browsing quick-rising coins and hoping to make a quick buck?

[Anonymous No.58161764]

>>58161739
they probably couldnt sell and then the dev rugged

[Anonymous No.58161811]

>>58161764
There were some sales though, and the site I was using said it passed the honeypot check

[Anonymous No.58161816]

>>58161739
looks like a honeypot

[Anonymous No.58162246]

>go to dex screener
>sort by newest on solana

[Anonymous No.58162293]

>scammer creates a token
>makes some buys from different addresses
>people don't take the bait
>he wraps it up and moves on to create another token

It's been like that for years, and I bet it's even automated at this point. You can try to catch newly released tokens on dexscreener, but 99.9% of them are this and you will lose money.

[Anonymous No.58162325]

>>58161739
The average income Salary in India is like $4k a year. The poor people make a few hundred a year. $26k is generational wealth to these people. Westerns can’t fathom how poor they are and what they’re willing to do to make a few dollars.

[Anonymous No.58162354]

>>58161739
welcome to crypto as other anons have said this is what is known as a honey pot. enjoy your stay

[Anonymous No.58162506]

>>58161764
>>58161816
smartest anons on the board

[Anonymous No.58164061]

>>58161739
welcome, you have much to learn

[Anonymous No.58164114]

>>58161739
keep going lad. Started off like you. Next step is to jump into the autismo etherscan adress stalking rabbithole

[Anonymous No.58164671]

>>58161739
biz should stop falling into obvious rugpulls, let the coinz run for a few months at least. Also rather put money into $ssnc as soon its available than any shitcoin, I mean, they have dozens of other projects backing them up, thay got photon a few days ago, also they dong airdrops. Keep fallin into memecoins boys, you'll where that'll lead you.

[Anonymous No.58164676]

>>58161764
Classic rug strat.

[Anonymous No.58164687]

[Anonymous No.58164694]

>>58164671
gojo... too soon.

[Anonymous No.58164763]

>>58162506
It passed the honeypot check though when it was being traded, and as I said, there were a few sales. It does now say 'HONEYPOT' on the page but that didn't appear until a few mins after the rug happened and I think they just slapped that label on as a generic warning. I know what a honeypot is, this wasn't one, technically, is all I'm saying.
>>58164671
I never said it was shilled on biz. It was only alive for like 30 minutes, I just happened to catch it and be watching it play out live and am trying to figure out exactly what happened. Obviously it was a rug, I was wondering how something went from not existing to 25k in 30 minutes.

[Anonymous No.58164806]

>>58164763
The smart contract could have all kinds of switches in it. Best counter to this kind of thing is forget about being the first 20 people to buy it, wait for it to top and come to a crawl, might take a day but it happens.

[Anonymous No.58164816]

>>58164806
or read the contract???

[Anonymous No.58164856]

>>58164816
I'm not stopping you fren, if you think you can keep up with shitcoin contract scams in black and white you probably don't need our help too much.

[Anonymous No.58164871]

>>58164816
>>58164856
Some posters here unironically believe that checking dexscreener or looking at coingecko warnings are "reading the contract"