I think newbies are aware of the dangers of shitcoins and tokens, but the problem is that they tend to think that they are investing in "good project". It's better to assume that all altcoins and tokens are shitcoins because either the devs are scammers who create a coin/token to dump premine, or the coin/token will fail even if devs will honestly work on it, because blockchain doesn't really have any practical applications aside from currency, and we already have Bitcoin, so copying Bitcoin is pointless.