Research the Team: Look for information on the team behind the memecoin of interest. Anonymous teams are a red flag unless they have a solid track record in the crypto space.
Check if they have doxxed themselves (revealed their identities), their past projects, and their reputation in the community.
If team(s) rejects and silences criticisms and/or refuse to communicate transparently with their investors, this is a red flag!
Code Transparency: The project’s smart contract should be open-source for community scrutiny. Use SolScan.io to investigate smart contracts. Avoid smart contracts that allow contract freezes.