Common scams to know
The Nun Report is, at its core, a scam-detection engine. Here are the scams it hunts for; knowing them makes every red flag obvious.
Rug pull
What it is: The team removes the liquidity (the money you'd sell back into) or dumps their entire holding at once. The price goes to ~zero in seconds. You're left holding tokens you can't sell.
How the Nun Report catches it: Watches liquidity and price on Live tokens. Raises a Rug warning when the signs appear and marks a token Market rug once it happens. → Red Flags
Insider bundle / cabal
What it is: Before the public can buy, a group of wallets, all secretly controlled by the same people, scoops up a large share of the supply cheaply. When retail buyers pump the price, the insiders dump on them.
Tells the Nun Report looks for:
- Many fresh wallets created just before launch ("team-prep").
- Those wallets funded by the same private source (a "shared funder").
- Wallets seeded with the exact same tiny amount (a scripted, "rent-seeded" bundle).
- The bundle holding a big % of supply, and then dumping.
Wash trading (fake volume)
What it is: Bots trade the token back and forth with themselves so it looks busy and popular on charts, luring real buyers in. The volume is an illusion.
How the Nun Report catches it: Samples the actual swaps and grades the volume as organic vs. wash. → Volume Authenticity
Malicious contract
What it is: The token's code hides powers the team can abuse, for example:
- Mint: print unlimited new tokens and dilute you to nothing.
- Freeze / blacklist: lock your wallet so you can buy but never sell (a "honeypot").
- Hidden fees: skim a % of every trade to the team.
How the Nun Report catches it: Reads the contract and flags every non-standard "lever" with a severity (critical / high / medium). → Contract Audit
Serial deployer
What it is: A single wallet churns out token after token, rugging each one and moving on. The branding changes; the scammer doesn't.
How the Nun Report catches it: Every token is linked to its deployer, and the Nun Report counts how many tokens that wallet has launched before. 5+ prior launches earns a Serial deployer flag on the token's dossier.
Reputation laundering
What it is: A team or founder with a public history of failed or fraudulent projects starts a new one under fresh branding.
How the Nun Report catches it: Cross-references the team's public accounts against a reputation library and raises a Negative reputation flag when the track record is poor. → Credibility
Impersonation & fake links
What it is: Scammers copy a real project's name, logo, and X handle, then post a different contract address to steal your money.
How to protect yourself: Always reach the token through the Nun Report's own links (the dossier's DexScreener / explorer buttons), and double-check the contract address. The Nun Report only opens links to known, safe destinations.
The Nun Report dramatically improves your odds, but crypto is adversarial and new tricks appear constantly. Treat a clean report as "fewer obvious traps," not "safe." Never invest more than you can afford to lose.