# How To Research A Token?

The first step of researching any token is checking if it is safe, as outlined above.

Once you've done your safety checks, you can move on to analyzing.

* Socials: Any decent token should have some active social media presence on Telegram or Twitter. This shows there is effort from the developers, and helps to gather community around the token.

<figure><img src="https://3925340553-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FOdba6Ak2zkLDqYWqoCCA%2Fuploads%2FDFDJbhBCajdfmzL8B1pl%2FScreenshot%202025-01-25%20at%209.26.54%E2%80%AFAM.png?alt=media&#x26;token=1e69103e-8d0c-42e5-a95d-b2e36bf64fdf" alt=""><figcaption><p>Example: The highly successful Twitter account of the $FARTCOIN token</p></figcaption></figure>

**Market cap**: There is no "safe" market cap in memecoins, but the lower the market cap is the more risk you take on. With a small market cap there is a higher chance that there are a couple of small holders who have a large concentration of the supply, causing the coin to be more volatile.

[\
Rugcheck](https://rugcheck.xyz/) : Rugcheck is a good website to check if the token is healthy (worth to buy) or not. This will help you screen for the essentials like [Mint Authority](https://docs.bonkbot.io/safety-and-security/how-to-trade-safely/mint-authority), [Freeze Authority](https://docs.bonkbot.io/safety-and-security/how-to-trade-safely/freeze-authority) and [LP Burnt](https://docs.bonkbot.io/safety-and-security/how-to-trade-safely/lp-burnt) that we discussed at the start of this page.

<figure><img src="https://3925340553-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FOdba6Ak2zkLDqYWqoCCA%2Fuploads%2FUQmZBRC2otBZmXBTIAXU%2FScreenshot%202025-01-25%20at%209.30.47%E2%80%AFAM.png?alt=media&#x26;token=89872f90-ad70-4b1f-8d0e-8111766e0d24" alt=""><figcaption><p>Example: The Rugcheck.xyz website which will give you important info on coins.</p></figcaption></figure>
