In the crypto world, don't just rush in; these tools can save your principal (Recommended to bookmark)

Serious risk notes

In the last article, I talked about the tricks of “demon coins,” and ended with a sentence: learn how to use on-chain tools to check pools and view chips.

Today, I won't talk about abstract concepts. I'll directly share a few free tools I frequently use. Not complicated, no payment required, all basic functions. Master these few tricks, and you can automatically avoid 90% of the pitfalls.

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1. Check if the pool is locked: see if your funds will be wiped out in a second

Demon coins fear this the most. If the pool isn't locked, the project team can withdraw all the funds at any time, which is called rug pulling.

Where to check: Download a market data app on your phone; most have this feature built-in. Or simply search for “decentralized exchange data analysis platform,” there are several free and useful ones.

How to look:

1. Find the contract address of the coin you want to check, and copy it.
2. Paste it into the search box of the platform.
3. Find the “Liquidity” or “Pool” tab, and click to view “Lock Status.”
4. Pay special attention to the unlock time. If it says “Locked until [year/month],” that’s relatively safe. If it shows “Not locked” or only a few days left to unlock, this coin can be wiped out at any moment.

One sentence for self-defense: Never buy coins with unlocked pools. This is an ironclad rule.

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2. Check chip distribution: see if you're the one picking up the bag

No matter how high the price, if all the chips are in the project team’s hands, they can dump on you as soon as you buy.

Where to check: Use your blockchain explorer app on your phone, or the data analysis platform mentioned above. Each chain has its own explorer; just search to find it.

How to look:

1. Open the explorer, paste the contract address, and search.
2. Find the “Holders” or “Address List” tab.
3. Check how much the top ten addresses hold in total. If the top ten accounts hold over 50% or more, be cautious. That’s a whale pool, and you’re just a small fish or shrimp in it.
4. Also, see how many addresses are holding in total. For a new coin, if there are only a couple hundred addresses but the market cap is already inflated, it’s likely all controlled by the team, manipulating the price. When you buy in, you’re just helping them cash out.

One sentence for self-defense: If the top ten addresses hold over half the tokens, your purchase isn’t investment; it’s donation.

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3. Check if the contract has traps: see if it’s setting you up

Some tokens’ contract code hides backdoors, such as the ability to freeze your tokens at any time, preventing you from selling, or unlimited minting, turning your tokens into worthless paper.

Where to check: Use platforms dedicated to on-chain security audits. Search “smart contract security audit,” many are free.

How to look:

1. Visit the audit website.
2. Paste the token’s contract address and run the check.
3. It will directly list the risks: focus on these three critical points:
· Can the owner blacklist addresses? If yes, the owner can prevent you from selling after buying.
· Can the owner mint new tokens? If permissions are intact, they can infinitely print tokens, making your chips worthless.
· Is the contract still under someone’s control? If ownership isn’t renounced, they can change rules at any time.

One sentence for self-defense: If the audit results show anything that looks like a “backdoor,” just close the page. Wasting time on it is pointless.

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Conclusion: Don’t treat this as advice, but as my “self-rescue checklist”

These tricks are all I learned after being crushed repeatedly.

When I first entered the space, I only knew how to read candlesticks and listen to news. It wasn’t until my wallet kept going to zero that I realized: in this unruly market, you first need to learn how to defend yourself to survive.

Next, I will write about position management, trading psychology, and more real talk on “how to survive in this market.”

No signals. No charges. I’m just someone who blew up their position, making my own risk control notes.