Module 04ChecklistShort answer live

How to spot a rug pull?

By the FOMOEgg CTO team · Updated October 16, 2026 · Lesson 20 of 48
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The FOMOEgg egg in the studio, illustrating: How to spot a rug pull?
Short answer

Check liquidity lock or burn, mint authority, holder concentration and verified code. Scanners are a second opinion, not proof.

How to check it yourself

  1. Confirm the liquidity is locked or burned, with a link you can open yourself.
  2. Check mint authority and owner controls with a scanner, and treat its result as a second opinion.
  3. Read holder concentration and confirm the contract source is verified.

Sources

  • world.webacy.comhttps://world.webacy.com/how-to-spot-a-rug-pull-10-essential-steps-for-crypto-safety
  • sharpe.aihttps://www.sharpe.ai/rug-check/guide/how-to-spot-a-rug

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Education only. Nothing here is financial, investment, legal or tax advice, and nothing here is a prediction or a promise about price. Memecoins are extremely high risk and you can lose everything you put in. FOMOEgg is a community-run memecoin and is not affiliated with Robinhood, PONS or fomo.