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Analysing newly launched coins (part 1, checking deployer wallet)

When seeing a newly launched coin, one of the first steps should be, to open a block explorer and have a look at the contract creator and the wallet.


Often you see transaction a day or 2 days ago within that wallet which say "add liquidity", "approve" and "remove liquidity".


Sometimes you see several "transfer" transaction. Then check the wallets involved in the transfer too. Again you often see the above mentioned pattern.


In those cases you have most likely found a serial scammer who creates coins daily and rugs them.

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And most of the time they use bots to perform liquidity operations.

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