How new people get farmed
Six tricks that take most of the money from people new to memecoins. Each one has a live example from the last 24 hours.
- 1
The painted chart
- What you see
- A coin with huge volume and a smooth green chart.
- What it really is
- A few bot wallets trading with each other to make it look busy. The fees give it away: almost none were paid.
- How to spot it
- Check the trading fees. Under 3 SOL is fake.
- 2
The fake billion
- What you see
- A brand-new coin "worth" hundreds of millions.
- What it really is
- The makers hold almost all the supply and trade it between themselves at a silly price. Nobody can sell into it.
- How to spot it
- Real-people volume near $0 next to a giant market cap.
- 3
The copy
- What you see
- You search a ticker you saw on X and buy the first result.
- What it really is
- Twenty coins share that ticker. Nineteen are copies made to catch exactly that search.
- How to spot it
- Search the ticker here first. Farmed shows which one people actually trade.
Live example
$SI23 coins · 20 fake - 4
The one-minute dump
- What you see
- A chart going straight up, then you buy.
- What it really is
- The launchers bought early with many wallets, waited for buyers, and sold everything inside a minute.
- How to spot it
- A drop of 80% in one minute on its history means it happened before. Stay away.
- 5
The instant bond
- What you see
- A coin that "bonded" seconds after it launched.
- What it really is
- The maker bought the whole curve with their own wallets so it looks popular, then sells to you after the bond.
- How to spot it
- Launch to bond under a minute, plus few real buyers.
- 6
The farm
- What you see
- A new coin on a hot meta, with holders and volume.
- What it really is
- One wallet made it, and 40 others today. It is one crop of many.
- How to spot it
- Look at who made it. Farmed shows the farm and every coin it planted.
Before you buy anything
- Search the ticker. If there are copies, make sure you have the real CA.
- Look at the trading fees. Under 3 SOL, skip it.
- Look at real-people volume, not just volume.
- Look at the top 10 wallets. If they hold over 40%, a few people can crash it.
- Look at who made it. A wallet with lots of fake coins today is a farm.
Words you'll see
- CA
- Contract address: the coin's unique ID. Tickers can be copied, the CA can't.
- Ticker
- The short name, like $FRONGUS. Anyone can use any ticker.
- Bond / graduate
- A new coin trades on a launch curve until enough is bought, then it moves to a normal pool. That move is the bond.
- Market cap
- Price times supply: what the whole coin is worth on paper.
- Volume
- Total bought and sold. Easy to fake.
- Trading fees
- What every trade pays. Hard to fake, because it costs real money.
- Holders
- Wallets holding the coin. Can be faked with many small wallets.
- Dev
- The wallet that launched the coin.
- Farm
- A wallet (or group) that launches many coins to fake them and sell to buyers.
- Rug / dump
- When the people who control most of a coin sell it all at once.
- Sniper
- A bot that buys in the first second of a launch to sell to you later.
- Bundle
- When the dev buys from many wallets in the same moment as the launch, to hide how much they hold.