So many wrecked by the fake $PNUT

FYI this isn’t quite a trivial problem to solve

Can’t just sort by age — pumpfun and scammers have flooded the chains with coins of nearly every name, so often the oldest ones are scams

Can’t naively sort by market cap either — easy to fake

Can’t naively sort by liquidity either — easy to fake via some of the dexes

Likewise, the giant $5k+ scam fees for verifying on coinmarketcap are hardly a solution either, as nearly all the legit memecoins now just refuse to pay, and it was a junk solution anyway

These fakes will become a bigger and bigger problem

State of web3

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State of web3

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Cup & handles everywhere?

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There will be signs

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Jeets out pamp it

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This is who you’re trading against

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Now the scammers are airdropping nontrivial amounts of fake scam $LUCE into the wallets of real $LUCE holders

Probably hoping they get the real & scam coin confused

— which could easily happen, if you sell nearly all of your $LUCE and then want to buy back in

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Never forget

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