Protecting Investors from Meme Coin Scams: A Smart Analysis Tool

Abstract

Meme coins have become extremely popular in the cryptocurrency market, but they also carry a high level of risk. Many of these projects rely on social media hype and community excitement, yet a large number eventually turn out to be scams where developers steal investor funds and abandon the project, commonly known as rug pulls. This paper presents a smart analysis tool designed to help investors identify such risky meme coin projects before financial loss occurs. The proposed system examines both smart contract behavior and market-related factors, including ownership control, liquidity locking, token distribution, and developer wallet activity. The tool was tested on real-world meme coins, including well-known legitimate projects as well as confirmed scam tokens. The results show that the system is able to accurately distinguish between safe and high-risk projects. This approach provides a practical and effective way to improve investor safety in the rapidly evolving decentralized finance ecosystem