If what you mean by shady character is a coin that is not clear like a meme coin that is trending, then what you should do is get out of trading in coins like that, not get out of trading.
New coins whose development is not clear will make your trading focus only on luck, if you are lucky you can make big profits, if not you will suffer big losses which will make you frustrated, but if you are an experienced trader then it is difficult to be interested in coins like that because experience has taught you many things because what is happening now has also happened a long time ago, where many new coins have emerged which more often give big losses to real traders unless you are involved in a group that is used to dumping and pumping, which make you only trades relies on the movement of the group.
I do agree that people should try to avoid anything that looks even remotely shady. We have tens of thousands of coins and tokens in this market, there is no reason to risk anything, if nothing else seems ok, just put 100% of your money into bitcoin until you find something you like. After thousands of tokens and coins, you will find one that makes you feel like it is not even a single bit shady, and you would love to invest into it, there will be zero doubt about it and you will be happy.
You can still be wrong about it, which is fine, but I think that means a lot more than what people think. This is why I think it should be something that will make it better, and we need to just adjust to it, so do not rush into any investments.