3-Step Memecoin Screening Checklist Before DLMM
Why You Need a Screening Process
Every day, dozens to hundreds of new memecoins launch on Solana — and most of them end up as rug pulls. A proper screening checklist lets you provide liquidity and chase fee profits through DLMM without worrying about getting rugged.
This is a 3-step process using free tools: Dexscreener, Rugcheck, and GMGN.
Step 1 — Quick Filter on Dexscreener
Open Dexscreener and immediately skip coins that show these red flags:
| Red Flag | Why |
|---|---|
| 500+ boosts with animated banner | Paid promotion to lure buyers before a dump |
| Excessive reactions (500-1000+) | Unnatural for a new coin — likely botted |
| Anime/AI meta copycat coins | Low-effort clones riding trends, rug quickly |
| Low volume + few makers, but high mcap | Artificial market cap, no real trading activity |
| Market cap below $400k-$500k | Too small and fragile — higher rug risk |
| Trump/Elon rebranding meta coins | Recycled narratives that dump fast |
Case Study: $ECLIPTIC
This coin had 500+ boosts and an animated banner. In the first few minutes/hours it looked normal — price going up or moving sideways. Then it dumped hard without any bounce. Classic pattern for over-boosted coins.
If a coin triggers any of these flags, skip it and move to the next one.
Step 2 — Verify on Rugcheck
Copy the coin’s contract address and paste it into rugcheck.xyz.
Check two things:
| Check | Red Flag |
|---|---|
| Top holder share | Any single holder above 5% |
| Dev history | Previous rug pulls on record |
If both checks come back clean, move to Step 3.
Step 3 — Deep Dive on GMGN
Open the coin on GMGN and check these 10 metrics:
| # | Metric | Red Flag / Threshold |
|---|---|---|
| 1 | Holder warnings | Many red exclamation marks = avoid |
| 2 | Holders vs bundlers | Fewer holders than bundlers = avoid |
| 3 | Top 10 holders | Holding more than 30% combined = avoid |
| 4 | New wallets | Fewer than 100 new wallets = avoid |
| 5 | Blue chip wallet holders | Below 0.5% = avoid |
| 6 | Phishing wallets | Above 30% = avoid |
| 7 | Bundlers | Above 30-60% = avoid (depends on other indicators) |
| 8 | Total holders | Below 800 = avoid |
| 9 | Total fees | Below 20 SOL = avoid |
| 10 | Avg holding per person | Below $300 = good (evenly distributed). Above $500 = be cautious |
What These Numbers Tell You
- Blue chip wallet holders (metric 5): If experienced traders holding established tokens aren’t touching this coin, that’s a signal.
- Total fees (metric 9): At least 20 SOL in fees means there’s genuine trading activity worth providing liquidity for.
- Average holding (metric 10): A low average means holdings are spread across many wallets — healthy distribution. A high average means a few whales are sitting on large bags, ready to dump.
Case Study: $CATHOLIC vs $ECLIPTIC
$CATHOLIC passed all 10 criteria above — clean across the board. Compare its chart to $ECLIPTIC (which failed Step 1) and the difference is clear. Coins that pass the full checklist tend to hold their price action and generate consistent trading fees.
After Screening
If a coin clears all three steps, it’s a candidate for your DLMM position. The next step is analyzing the chart to find your entry point — covered in a separate guide.
In practice, this checklist filters out the vast majority of new launches, leaving only a handful of coins worth providing liquidity for.
Source: Arip (@arip13741167) on X