AVOIDING TOKEN RUG PULLS

Summary from the TLDR Crypto newsletter

Scammers manipulate DEX Screener's Trending tokens by using wash trading to inflate the number of holders and trading volume, which makes these tokens seem legitimate. For example, the $FWILLY token scam involved distributing supply across multiple wallets and manipulating transaction data before ultimately rugging token holders, where the developers withdrew all liquidity, leaving holders with worthless tokens.