How We Chased a Suspicious Token and Almost Fell for a Scam — Our Team’s Report

How We Chased a Suspicious Token and Almost Fell for a Scam — Our Team’s Report

Hey everyone 👋
We’re a small team of crypto enthusiasts who sometimes catch ourselves thinking:

“Maybe we should switch to something calmer? Like making wooden birdhouses?”

But nope — we dove into checking another freshly launched token…
And the story turned out too good not to share.

⸻

🔥 How It All Started

It was a regular quiet evening.
And suddenly our analyst drops a message in the chat:

“Guys, a new token just launched. Liquidity is about 150K, and the chart looks… perfect.
Either this is an opportunity, or it’s ‘hello again, scammers’.”

Of course, we woke up instantly.
Suspicious tokens are our weakness.
And our pain.

⸻

🕵️ Express Scam Check

We have a strict rule:
No entering a position until we run a mini-audit.

Here are the tools we always use:

• DexScreener — price action & chart dynamics
👉 https://dexscreener.com

• ScamSniffer — quick red-flag detection
👉 https://scamsniffer.io

• Honeypot.is — honeypot checks
👉 https://honeypot.is

• BSCScan / Etherscan — holders, smart contract functions (mint/blacklist)
👉 https://bscscan.com
👉 https://etherscan.io

And during the very first scan we noticed something weird:
A couple of large wallets were performing tiny repetitive transactions — classic fake volume pattern.

Our analyst jokes:

“Either that’s top-tier marketing magic, or someone is hyping themselves.”

But deep inside we all felt it — this smells like a scam.

⸻

🧩 Suspicion Grows

The chart was perfect.
Too perfect.

If you’ve seen charts like this — you know how they end.
With pain.

We kept digging:
Strange behavior from top holders, inconsistent volume, no protective functions in the contract.

⸻

⚙️ Time to Turn On Our Monitoring Tool

At this point, we activated one of the tools we use in our workflow — nothing fancy, just a monitoring solution that helps us:

• track large transactions
• watch liquidity changes
• detect whale movements
• catch suspicious activity in real time

Just a regular working instrument, but extremely helpful.

Some people call such tools “sniper bots.”
Colleagues in the field often use ones like this (@SniperProXBot):
(If you’re into on-chain tracking, you’ve probably heard of similar bots.)

And 40 seconds later — the first alert pops up.

⸻

🚨 Liquidity Starts Disappearing

First 2%.
Then 5%.
Then another 17%.

We all stared at the screen.

One of the guys slowly moved his coffee mug away from the laptop — 
as if an earthquake was about to hit 🤣

The bot sends an alert:

“⚠️ Possible liquidity withdrawal detected. Please verify.”

We check the address — 
and yep, the same suspicious whale started pulling liquidity out chunk by chunk.

Everything became clear.

⸻

💥 Three Minutes Later — Hello, Rug Pull

Boom — liquidity dropped by 72% in minutes.

Top holders fled faster than we could refresh the page.

The team chat went silent.
Then someone wrote:

“Well… that was the most elegant scam of the week.”

⸻

📘 What We Learned
1. A perfectly clean chart = a reason to be suspicious.
Real markets aren’t that smooth.
2. Aggressive “marketing” in the first minutes is a red flag.
3. Liquidity is the source of truth.
No liquidity → no token → no money.
4. Real-time monitoring saves your funds.
Any tool works, as long as it alerts you early.
5. Better to miss an opportunity than catch a scam.

⸻

🎓 Tips for Anyone Entering New Tokens

Before buying, always check:

✔️ contract functions (mint/pause/blacklist)
✔️ top holders
✔️ liquidity dynamics
✔️ behavior of large wallets
✔️ sudden abnormal volume movements

If something feels off — just walk away.
Crypto has more opportunities than you’ll ever have time to analyze.

How We Chased a Suspicious Token and Almost Fell for a Scam — Our Team’s Report was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.