Locked, burned, or lying

When someone creates a pool, the contract hands them LP tokens — a receipt proving they own that share of the bucket. Whoever holds the LP tokens can walk up at any time, hand back the receipt, and drain their share of both piles. That's a classic rug pull: the dev yanks the SOL side out and leaves you holding tokens with nothing to trade against. So the trench invented reassurance rituals: "liquidity locked" means the LP tokens sit in a time-lock contract (a locker) the dev can't touch until a date; "liquidity burned" means the LP tokens were sent to a dead address forever, so nobody can ever withdraw the pool.

Now the uncomfortable part: both claims are checkable, and both get faked constantly. A "lock" might cover 5% of the LP while the dev holds the rest loose. It might expire in 48 hours. Some lockers let the owner cancel or migrate. A screenshot of a locker page proves nothing — verify on-chain that the LP tokens actually sit in a reputable locker, what percentage, and until when. "Burned" is stronger, but read the actual burn transaction: burning LP for pool #1 says nothing about pool #2 the dev quietly made, and one-sided liquidity tricks on concentrated-liquidity DEXes can technically count as "liquidity" while offering you almost no real exit depth.

And here's the lesson people pay tuition on: even a genuinely burned LP does not make a token safe. Burned LP only means the POOL can't be withdrawn. The dev can still hold 40% of the token supply and dump it into that locked pool — same crater, different shovel. If the mint authority isn't revoked, they can print new supply and dump that too. Locked liquidity answers exactly one question: "can they drain the bucket directly?" It says nothing about whether they can empty it through the front door like everyone else, just with a vastly bigger bag than yours.