Scammers often lure meme-coin traders with promises of early access through pre-sales, claiming the project is about to "moon." However, once an unsuspecting trader connects their wallet and signs a transaction, the app can drain their wallet, stealing every token it holds.
To guard against these scams, using a burner wallet is a smart strategy for anyone participating in meme coin pre-sales. If you inadvertently connect to a malicious wallet drainer, your losses will be limited to the funds in the burner wallet.
Creating a burner wallet is simple. Most wallet browser extensions offer an option to "add wallet," often represented by a "+" symbol. Once you’ve set up your new wallet, only transfer the amount of $SOL you'll need for the specific pre-sale. This precaution ensures that even if the pre-sale is a scam, your primary holdings remain safe.
For maximum security, Sol Spotlight recommends adopting a three-wallet system for all crypto traders and investors. This approach helps you keep your assets secure while staying active in the crypto space.