Evaluating a new liquidity pool? Here's what actually matters. First, check if the liquidity is locked—this reduces the risk of sudden withdrawals tanking the price. Next, look at token distribution among early holders; if a handful of wallets control most of the supply, that's a red flag. Then scan their social channels—Telegram and X presence tells you if the team is actually engaged or ghosting. A solid project needs a clear story: what problem does it solve, or what makes it different? Finally, pay attention to dev activity. Are they responsive to questions, shipping updates, fixing bugs? That's where you separate projects going somewhere from vaporware.