Newbies Learn On-Chain Trading from Scratch: How to Avoid Pitfalls with Dead Dogs
First learn how to avoid pitfalls—how to steer clear of “dead dogs”
Always check if the contract is clean.
Before diving in, first throw the contract address into Honeypot or similar to check. Cross-verify with Ave and other tools.
There are too many pitfalls with “dirty contracts”: some can only be bought and not sold, assets are frozen, developers haven't relinquished permissions (can clear your tokens at any time), gas fees are extremely high, pools are not locked (Dev can run away at any time)… Suggestion: if any risk warning is found, try to avoid it as much as possible.
(Of course, there are exceptions, such as some projects later locking the pool or relinquishing permissions)
Look at the holding structure, avoid “🐭 warehouses” and obviously malicious “🐷 pools”.