How Scope can be helpful
Scope can check any token created via pump.fun for potential rugs the developer has in hand. Thus, a user can see behind-the-scenes of the meme coin they are considering buying and reveal hidden shenanigans that lead them to invest in the wrong kind of token and lose their funds. Traders can make more elaborate and precise trading decisions and increase their trading productivity while cutting time spent on web surfing to find token data.
How does it work
Scope Checker is available as a Chrome Web Store extension and a convenient Telegram bot that works without a wallet connection, enhancing user safety.
1. A user sends the coin address to the Telegram bot (usually called a CA among traders) or just visit a token page with the extension (activates automatically while browing SPL tokens).
2. Scope scans the token metrics, and after a few seconds the user gets the result: four key token metrics with an evaluation + a final decision on whether it’s safe to buy + links to the token on pump.fun and Dexscreener.
Metrics checked with Scope
There are four main risk analysis parameters Scope uses to determine the certain token’s safety:
• Buys bundled with creation
Indentifies whether the token developer has used bundling while creating a token, flags insider loops and coordinated behavior;
• Developer share
Discover how much of the whole token supply is owned by the developer, as higher share means the higher rug risk;
• Volume bots
Spots fake hype like using bots to increase trading activity to show real demand;
• Developer volume
Tracks creators wallet activity in trades to reveal wash trading and spot exit signs.
Using these metrics allows Scope to get a deeper insight behind the scenes and identify enough red flags for the verdict.
Who can use Scope
As the Scope is pretty simple to work with, both newbie traders and seasoned whales can use it to their advantage. It can be used by:
• meme coin amateurs who want an extra layer of safety,
• meme coin traders who want to save time on checks and trade more efficiently. Traders have already reported a 50% increase of their trading gains while using Scope.
So, if you’re still trading blindly, start checking tokens ASAP. Token scanners and rug checkers niche is constantly growing, and this is telling us that scammers are not going anywhere. Better safe than sorry!