I've been using this platform for a while, and honestly, I've wasted a lot of SOL. Although I've stopped, I still see some PumpDotFun coins trending on DEXTools with more than $1M market cap which mostly starts from $30k or $20k marketcap depending on the DEV holdings. I've always thought the idea of a good memecoin from PumpDotFun was seeing the coin having a good website and active community, but now I realize it's just luck and timing. It's probably about knowing the right time when a celebrity is about to launch their token.
Does anyone have better idea on how to identify reliable tokens or avoid rug pull tokens on pumpdotfun?
Sincerely speaking I have learned to avoid some dex or a presale site because most of them are just hype where you would go buy some shitcoin are seeding phase and after that you would get rug pulled over the of Time. I will suggest you buy when they list on centralized exchange even if they are not trusted but it will better buy from CEX than following up pump.fun.