Rugged on a meme coin – Lost $800, Need Advice

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Rugged on a meme coin – Lost $800, Need Advice

I recently invested $800 in a Solana meme coin thinking it would be a fun and potentially a profitable venture. However, it turns out randomly I got rug pulled by the dev dumping all his bags / pulling out the lp even tho it was locked??

I’m feeling frustrated and disappointed and I’m not exactly sure what steps I should take next. Has anyone else experienced something similar with any other meme coin?

Bhanuka Harischandra Answered question May 9, 2024
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Use bots to check how much dev is holding. Also supply can be bought up by “private” holders and that can be dumped at once. Aldso check 1st candle – if its green and no dump fallows, stay away.

Also trade small amounts while you learn.

Bhanuka Harischandra Answered question May 9, 2024
0