There is a story that has been circulating in the crypto circle for a long time: Someone bought PEPE for $27, and at its peak, the market cap soared to $57 million, but due to contract design issues, the address was frozen and could never sell. Sounds absurd? Actually, this is the most authentic portrayal of the current MEME coin ecosystem.

The underlying logic is actually quite brutal—having coins in your wallet does not mean you truly own that asset. This is not obvious in a bear market, but once a bull market starts, the problems erupt. Getting rich quickly might only require a wave of market movement, but safely extracting profits? That’s the real test.

However, crises often give rise to new ideas. Recently, industry voices have begun calling for MEME projects to focus on the core issue of "contract transparency." Some emerging project practices are worth noting:

Complete relinquishment of contract ownership, so the project team can no longer mint, freeze, or modify rules. What does this mean? It means no one can suddenly blacklist your wallet.

Liquidity pools are permanently locked. In simple terms, the project team cannot run away or drain the pool. This is recorded on-chain, and everyone can verify it.

All interaction rules are transparent on the chain, with no hidden backdoors. You can see every transaction, with no black-box operations.

This truly restores control of assets to the holders. It’s not just a marketing slogan but a fact that can be verified on a block explorer.

So, if you want to survive longer in the next MEME hype cycle, developing the habit of checking tokens is very important:

Step 1: Review the contract. Has the project team really relinquished control? It’s not just about saying it, but whether it can be verified at the code level.

Step 2: Check liquidity. Is there genuine long-term locking? When will it unlock? How risky is it?

Step 3: Examine the rules. Are there loopholes in the token’s issuance and burning mechanisms? Or are they truly immutable?

Tokens that pass all three checks are more likely to be not just short-term speculation tools but genuinely asset-backed projects.

In a bull market, people are easily blinded by the gains. But the smartest players are never just looking at the price increase—they eliminate risks before the rise.

Do you prefer the imagination of a 100x return, or do you value the ability to secure profits steadily? I’d love to hear your thoughts.