1. Blockchains are open to everyone; anyone can create a token and send it straight to your wallet—even if you didn’t ask for it! It’s the wild wild dex out there. What's the catch? Most of these surprise “gifts” are not really gifts. In fact, 99% are sent to trick you into losing funds when you interact with them. Who are the usual responsible suspects? Phishing Airdrops - Often include a website link in their name, symbol, or metadata. The site asks you to “claim” the token, usually leading to malicious approvals. Legitimate airdrops never send such tokens. Fake or Look-Alike Tokens - Names and symbols identical or similar to real upcoming airdrops or even popular stablecoins. A rando sent you BNB or USDT? Don’t fall for it!!! While the branding looks similar, the contract address and token logic are unrelated. Fake Giveaways and Presale Scams - Pretending to be from a project in “presale” and hyped to appear trustworthy. These projects usually never reach completion and just disappear after collecting funds only to return under a new name. Honeypot and Rugpull Traps—Usually sent in larger amounts to make you think you got rich!!! They may even look to have high liquidity or market caps but be coded to prevent selling or cause penalties, trapping your funds. The scammer will later run away with your funds. How to dodge the bullet? DYOR = Do Your Own Research There is no dodging this step. Always take a step back, research, and then triple-check it. Listen to your wallet’s warnings Wallets are smarter than you think. Don’t ignore warnings, alerts, or that K line that looks like it is trending weirdly. All these are signals!!! Check official announcements and the contract address Don’t rely on the name and symbol only! Find the project’s official website or social channels and confirm you’re playing with the real thing. Verify the contract code is public. Transparency is your friend. Don't trust if you can't verify. Be skeptical of tokens that require “claiming” on some random website If you didn’t ask for it, don’t click it. Didn’t expect it? Can’t verify it? See red flags or warnings? Report it as spam, or just don’t touch it.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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