๐Ÿ“– Guide

How to spot a rug pull before you buy

Most rugs aren't unpredictable, they leave on-chain fingerprints before they happen. Here's the actual checklist, in order of how much each one matters.

The five checks, in priority order

01Is the liquidity locked? This is the single biggest lever a creator has to rug you directly. See the no-rug launchpad guide for how to verify this isn't just a claim.
02Can it actually be sold? A locked pool doesn't stop a honeypot tax or blacklist. Run the sell simulation, see the honeypot guide.
03Who deployed it, and what's their history? A wallet that's launched and abandoned a dozen tokens this week is a real, checkable pattern, not a vibe.
04How concentrated are the holders? If a handful of wallets hold most of the supply outside the locked pool, they can crash the price by selling, no rug function needed.
05Is the contract source verified? Not proof of safety by itself, but an unverified contract means nobody, including any scanner, can read what it actually does beyond simulated behavior.

What ScanHood shows for each of these, automatically

CheckWhere it shows in a scan
Liquidity locklp.status and lp.safe
Sellabilitysellable, verdict, and any DANGER-level flag
Deployer historydeployer.risk, deployer.rugged, deployer.launched
Price action red flags"already pumped," "dumping," "thin liquidity" warn flags
Source verificationverified: true/false

All five show up on one page at /scanner, that's the entire point of running a scanner instead of manually checking each of these yourself every time.

Softer signals worth knowing (not automated, use judgment)

No checklist, including this one, guarantees anything. A token can pass every check here and still lose most of its value from ordinary market forces, thin demand, or a risk this list doesn't cover. This reduces one specific kind of risk: someone deliberately built to take your money. It is not investment advice.

Frequently asked

Which single check matters most?

Sellability. A locked pool doesn't help if the token itself has a hidden mechanism that blocks your sell, and a token with a working sell but a pullable pool can still be drained out from under you. If you can only do one check, run the honeypot simulation, then check the lock status.

Is a brand-new token always risky?

It's always unproven, which is a different thing from confirmed-risky. A brand-new token simply hasn't accumulated the history (deployer track record, price action, verification) that most of these checks depend on. Treat a clean scan on a fresh token as "no red flags yet found," not as a green light with the same confidence as an established token.

Can I automate this whole checklist?

Yes, that's exactly what ScanHood's /scanner does for a single token, and the /dex screener does across every trending or new token at once, showing a safety verdict inline rather than requiring you to check each one manually.

What if a token passes all five checks and still loses value?

That's normal and expected. This checklist screens for deliberate scams, not for whether a project succeeds. A completely legitimate, unrugged token can still fail because of thin demand, a bad market, or plain bad luck. Passing every check reduces one category of risk, it doesn't create a guarantee.

Related guides

๐Ÿ›ก๏ธ ScanHood's data reduces risk; it is not a guarantee or a buy signal. Sellable โ‰  safe buy. Always verify on-chain. Not affiliated with Robinhood Markets, Inc.