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?
I haven't come across this platform though but it should be similar to many Dextool out there where there is a lot of manipulation on the market price by the developer team behind, it's not always easy to catch up the price of coins before listing unless you belong and part of the team where some percentage is promised. And besides, it's not a idea to be in in a hurry while you are trading in crypto, this set up makes you hurry up your investment capital which is isn't proper.
Dextools will never provide reasonable coins into the market, they never do thorough research on the coins to be listed that's why they can list 3-5 coins in a day just for their respective gains.