The address is the hub for chain-based scamming. Just follow this address to identify which tokens it generates:
- $Monad (8 times)
- $pen
- $shitter
- $GM
All tokens are created by the owner of this address. On average, it scams a minimum of $35K every three hours.
One of the intelligent ways of fraud is creating liquidity and locking it. The user, upon seeing the locked liquidity, becomes greedy and buys a large amount of tokens. Shortly after, the fraudster sells all the tokens they have at once.
, which causes you to miss the entry opportunity and get stressed, and this is exactly what scammers want.
They want you to fall into FOMO and buy the token without thinking and researching.
Do not buy tokens with liquidity of less than $400K.
Do not buy tokens with unlocked liquidity.
Do not buy it until you have researched about the token.
By looking at the initial token chart, you fall into FOMO (fear of missing out)
Someone has deployed the same source code multiple times and defrauded 500 K$ by draining liquidity.
#monad is #scamer#DEXScreener is comletely at the disposal of scammers
The ease of creating tokens, listing them on DEX, and the support of platforms like #Dexscreener and #Birdeye have allowed scammers to defraud thousands of dollars without any advertising or features. In the following tweets, I will elaborate on a few cases.