Is this a scam?

This telegram group has 120k members and posts a signal every monday, at the end of the weak they will signal to sell the token, also they regularly update the increase price of the token.
Im new to this and i was ready to invest and participate, I came Here to have an idea of swapping tokens and found out about honeypots, i copied the addresses of the token to found out and most of the are honeypots.

Some of the token that they traded 2 weeks ago has 0 liquidity now!!

This is scam and Im glad i didnt fall for it.

How can i know what tokens to invest legitimately.

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3 thoughts on “Is this a scam?”

  1. Please note that PancakeSwap (or any wallet service) DOES NOT provide support through direct messages.

    There are multiple scams targeting crypto users and you should NEVER, under any circumstances, share your wallet seed
    phrase or any personal information with anyone online!

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  2. It could be right. But i think a lot of these scams are pump and dumps. All the members buy. But the big guys sells all coins they have. Big dump and your to late

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