🚨 1. Do Your Own Research (DYOR)

• Understand the token: Know who created it, the purpose (if any), and how it works.
• Check tokenomics: Look into supply, holders, burn mechanisms, and developer wallets.
• Audit status: See if the contract has been audited by a reputable firm.

💡 2. Use a Small Allocation of Your Portfolio

• Treat memecoins as high-risk bets — never invest money you can’t afford to lose.
• A good rule of thumb: limit exposure to 5% or less of your crypto portfolio.

🧠 3. Be Aware of Pump-and-Dump Schemes

• Sudden spikes in price driven by hype (especially from influencers or social media) are often followed by steep crashes.
• Avoid chasing green candles; by the time you buy in, the insiders may be exiting.

🔒 4. Secure Your Account and Wallet

• If you’re using a connected wallet, never share your private key or seed phrase.
• Watch for phishing links disguised as token claims or airdrops.

🕵️‍♂️ 5. Verify the Contract Address

• Always double-check the smart contract address from official sources before trading.
• Scammers often deploy fake coins with similar names.