Life's lessons trading Memecoins..

Source: https://t.me/CatWifHatSol

Source: https://t.me/eggdogcoin

Source: https://x.com/croc_with_knife?t=sz88kgUsPa3kgaNoEmRfRQ&s=09

In the past couple of months that i have traded Memecoins, i have learned some very valuable lessons. I will share the mistakes i have made and how i have corrected them recently so i never get rugged again, nor any of my friends have to experience getting rugged.

So, the very definition of getting rugged is when the team and/or Dev have full control of liquidity tokens and thus remove them for their own benefit. This is how people's tokens become worthless.

Scammers have become very savvy and know most people understand the term Contract Renounced or Ownership Renounced to mean that the Owner has no control of the Contract. Even though that is true, the scammers would make you believe that Ownership Renounced means the project is unruggable.

This is precisely why they always renounce ownership. This is to fool the people into believing that because the owner doesn't have control of the contract, that means the team and the owner can't rug. Well, they actually can. They always do it through the liquidity tokens.

Since even that has been discovered. The scammers are now locking liquidity tokens from 1 to 3 months with the purpose of rugging after the tokens are unlocked. They will say about their tokens on their site something like (Ownership Renounced and LP Locked). They never tell you for how long the LP will be locked. You have to find out for yourself or ask one of the mods.

I've asked Mods in the past this question. Why are your liquidity tokens only locked for 2 months? What are the team's plans after those liquidity tokens are unlocked? Twice, i have received the same exact answer. The answer is that they would extend the lock. One of the project's admins that told me that was from a project that already rugged, named Catwifak. The other one that told me the same was from a project named Catwithknife that, in my opinion, may be ready to rug.

So, my strategy to stay clear of rugpulls is to make sure that the team or Dev burned LP making the token or coin unruggable. This is true of projects like Dogwifhair who's Dev Burned LP making the project unruggable. You also have one that i accumulate named crocwifknife who's contract was renounced and 100% LP burned. Crocwifknife is on cronos blockchain.

I am now only accumulating unruggable Meme projects. I don't want to risk having to trust any Dev or team in this space that claims they will relock LP or just believe that they will never rug. It almost always turns out that they will rug.

I am enjoying the communities of the following unruggable projects.

1. dogwifhair (100% LP Burned). 53K Market Cap (can make you very rich) - https://x.com/dogwifhair?t=Y8s9xEA1elRfgQtc2UMvQA&s=09

2. EGGDOG (100% LP Burned, Contract Renounced). 3,108,000 Market Cap - https://x.com/eggdogsolana?t=sEucKxOf73L8dS7s-XbLxA&s=09

3. crocwifknife (100% LP Burned, Contract Renounced) 20K Market Cap - https://x.com/croc_with_knife?t=1KjUEZhFcIJItZr-blzHkg&s=09

4. Wojak ETH (Liquidity Locked for 76 years, Contract Renounced) 29 million dollar Market Cap - https://linktr.ee/wojaketh

The above unruggable projects are hidden gems that are very likely to explode when you least expect it. Those that hold these projects have peace of mind that they will never get rugged by scumbag Devs.