Quote from: asawale on Today at 04:03:41 PM

Quote from: krishnaverma on January 05, 2023, 12:45:08 PM

If you follow crypto news, you might be aware about solana dog shitcoin called "BONK" is up 900% the past week . If you are thinking to invest in this coin, let me share an important fact regarding this coin. The top 20 holders 50% of the coin.

You can yourself check this here
https://solscan.io/token/DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263#holders

So, it is obvious that they will eventually dump it. Those who are investing seeing the dramtic increase in prices will loose all their investment when it dumps.

This confirms my suspicion about the project when i checked it on DEXTOOL. The ratio score still remains zero despite the huge pump. That pose a red flag. Newbies who don't know how to check the credibility, how much held by owners wallets, duration of which the liquidity is locked can search for the project on dextool to check the rating score and liquidity info to check if it is safe to invest into.

That's smart checking, mate. If everyone could do the same research, the number of scammed investors would decrease in the future. Skepticism before investing is necessary so we'll never fall for scam projects' trap. The project is already showing red flags and that's you suspicious. They are not showing transparency and real volume. It's my first time hearing about that coin, to be honest, and reading things about it, it seems like it still fooled many investors. As much as possible, we should avoid non-established projects and focus on trusted and potential coins.