Just saw someone in a group chat blowing up a certain project by saying it’s “already audited with lots of GitHub stars,” and I couldn’t help laughing. Do they really think an audit report is an instant “get-out-of-death” card? Newbies are the ones most likely to get caught here—project teams can simply slap in an “audit PDF” and scare a whole bunch of people, but once you click in and actually look, it’s mostly meaningless lines like “known risks have been disclosed.” GitHub stars can be faked, audit reports can be cherry-picked by focusing on easy targets—what you should really check is the multisig logic: if you upgrade the multisig, do you add/allow more people? Does the owner permissions have a time lock? Those things are far more important than any tokenomics nonsense.



Anyway, lately I’ve been watching on-chain Meme projects—each one brings in celebrity endorsements and then does the harvest. Old players keep advising people not to be the one who takes the last step, but the new crowd still believes, “This time is different.” To put it plainly, attention rotates so fast it’s like flipping through pages. If you truly want to play with small-cap coins, at least toss the contract address into Etherscan and glance at who the owner is… Never mind, saying too much sounds like a tutorial. I’m off to check Gas now—it's low to the point of feeling like it’s hinting that I should write a joke.
MEME2.04%
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