In the current hot BSC ecosystem, many novice investors often feel confused among numerous token projects. Today, I want to share a relatively simple and practical judgment logic—how to quickly identify whether a project has a risk of rug pull.

What should we look at? Actually, just one point: examine the initial token distribution data to see if retail investors participated at the bottom. A key detail here is crucial. If multiple addresses are involved in providing liquidity at the bottom during launch, it indicates a more dispersed distribution. Such projects tend to have higher costs for rug pulls. Conversely, if your detection tools (like common on-chain analysis platforms) cannot find early small-scale participants and only see highly concentrated liquidity sources, then there is a problem.

This situation usually means that the startup capital was fully packaged and issued, with the pool completely controlled by a few parties. Once they decide to withdraw, they can pull out all the funds in one operation, causing the token price to plummet to zero and leaving investors with nothing.

Therefore, in practical operations, using on-chain data tools to trace the distribution of early participants can help filter out many risky projects from the source. This is not a 100% foolproof protection, but it can indeed help you avoid most obvious danger signals.