A crypto investor's wallet hit $5.7 billion after buying Shiba Inu with 32 ETH on a friend's tip. He walks through how to check for audits, verify contract code, and spot honeypot scams before buying any token.
My main wallet got up to a little over $5.7 billion. How much did you make? I didn't make anything because I didn't realize anything, but I got some pretty epic screenshots. How did you find it in hour 5? Funny story on SHIB. You know, it was actually given to me by one of my friends. They dropped me the contract as soon as they got it. I was like, they're talking about Dogecoin killer, this, that, and the other. I'm like, nah, man, there ain't no way you found anything that was a banger. So I kind of slept on it for a couple of hours. But then, you know, with his persistence, I decided to start. Okay, I'll throw a little something into it. Ended up throwing 32 Ethereum into it over the course of a couple of days. Pulled the trigger on that. But, you know, as you're more active in the space within your network, you obviously have ears all over the place. When it comes to doing due diligence, you got to find out the fundamentals about what the project's about. Any audits, contract public, because the contract obviously isn't verified on-chain. You can't see any of the functions that the developer might have. Could be a honeypot. It's asking simple questions. If they sidestep your questions and can't answer them, stay away from it. I understand a lot of good projects don't have audit day one, but is there plans to get an audit? I would always recommend if you're getting into something kind of on the more riskier side, obviously everything in crypto is risky. Nothing's guaranteed. Do a test buy, a test sell, make sure that you can sell. You don't want to buy no honeypots. Just use your head. Don't go chasing green candles.
