Memecoin Safety Checklist: 10 Things to Check Before You Buy
5 min read · Updated
Save this list and run it every time. It takes a couple of minutes with free tools and filters out most of the tokens that are built to take your money.
The checklist
- 1. Contract address from the official source, not a reply or DM
- 2. Honeypot test passes: you can sell
- 3. Buy and sell tax at 0–5%, and not changeable
- 4. Liquidity locked or burned (80%+), and enough of it for the market cap
- 5. Mint authority revoked / no mint function
- 6. Freeze authority revoked (Solana)
- 7. Ownership renounced, no hidden owner or proxy (EVM)
- 8. Top 10 real wallets under about 30%, no bundles
- 9. Developer history: not a serial launcher
- 10. Real community and socials, not bots and paid shills
Then manage your risk
Passing every check means no obvious trap, not a guaranteed winner. Use small position sizes, take profits along the way, and never invest more than you can afford to lose.
Do it in one place
The CoinsWavez token page runs points 2–8 automatically and summarises them in the Sniper Score. Dev Tracking covers point 9, and the bubble map shows bundles.