RugPul
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Market Rug Pulls:How to Spot & Avoid them:
Rug pulls are a type of crypto scam where developers abandon a project and run off with investors' funds. These scams can be devastating, but there are ways to protect yourself.
đđ»How Rug Pulls Work:
1. Liquidity pool withdrawal: Developers add liquidity to a pool, attract investors, and then withdraw the funds, causing the token's price to crash.
2. Smart contract manipulation: Scammers embed malicious code in the smart contract, allowing them to mint unlimited tokens or prevent users from selling.
3. Social manipulation: Projects build hype through social media, attract investors, and then disappear with the funds.
đđ»Red Flags to Watch Out For:
1. Anonymous teams: Lack of transparency makes it easier for bad actors to disappear with funds.
2. No smart contract audit: Hidden risks may remain without a review from a reputable security firm.
3. Unlocked liquidity: Projects without locked liquidity or clear vesting schedules are riskier.
4. Unrealistic promises: Be cautious of projects advertising exceptionally high returns or guaranteed profits.
đđ»How to Protect Yourself:
1. Do your own research (DYOR): Examine the project beyond headlines and hype.
2. Check liquidity locks: Look into whether the project has locked its liquidity and for how long.
3. Look for audits: Ensure the audit report is publicly available and up-to-date.
4. Stick to reputable platforms: Choose platforms with strong track records and rigorous vetting processes.
By being informed and vigilant, you can minimize your risk of falling victim to rug pulls. Always approach new projects with caution and a critical mindset.
#RugPul #CryptoScamSurgeŰ #learn2earn
đđ»How Rug Pulls Work:
1. Liquidity pool withdrawal: Developers add liquidity to a pool, attract investors, and then withdraw the funds, causing the token's price to crash.
2. Smart contract manipulation: Scammers embed malicious code in the smart contract, allowing them to mint unlimited tokens or prevent users from selling.
3. Social manipulation: Projects build hype through social media, attract investors, and then disappear with the funds.
đđ»Red Flags to Watch Out For:
1. Anonymous teams: Lack of transparency makes it easier for bad actors to disappear with funds.
2. No smart contract audit: Hidden risks may remain without a review from a reputable security firm.
3. Unlocked liquidity: Projects without locked liquidity or clear vesting schedules are riskier.
4. Unrealistic promises: Be cautious of projects advertising exceptionally high returns or guaranteed profits.
đđ»How to Protect Yourself:
1. Do your own research (DYOR): Examine the project beyond headlines and hype.
2. Check liquidity locks: Look into whether the project has locked its liquidity and for how long.
3. Look for audits: Ensure the audit report is publicly available and up-to-date.
4. Stick to reputable platforms: Choose platforms with strong track records and rigorous vetting processes.
By being informed and vigilant, you can minimize your risk of falling victim to rug pulls. Always approach new projects with caution and a critical mindset.
#RugPul #CryptoScamSurgeŰ #learn2earn
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âïž Essence Finance's #StableCoin CHI value dropped by over 90%
âĄïž This happened after rumors of collateral withdrawals exceeding $20 million.
đ According to #Geckoterminal , the price dropped by almost 98% to $0.01338 in less than a day.
đĄ This has led to accusations of â #rugpul â against the developers, although Essence Finance has yet to comment.
âĄïž This happened after rumors of collateral withdrawals exceeding $20 million.
đ According to #Geckoterminal , the price dropped by almost 98% to $0.01338 in less than a day.
đĄ This has led to accusations of â #rugpul â against the developers, although Essence Finance has yet to comment.
There is something strange with the milania token, every day the price continues to fall to the lowest price and the change to the lowest price is the first time I have seen such an extreme and drastic price change, similar to Luna before which was Rugpul, but Luna's price drop was faster and there were more of them, while Millenia was slower and there were fewer of them, but the scheme was almost the same, both the interval and the period, and until when the lowest price was, was it up to $ 1 or even to a price of $ 0.1 - $ 0.01, it's a shame to buy at a low price, no matter how much, tomorrow and so on, it will be cheaper, it's really unfortunate, Millenia investors #rugpul #DeepSeekImpact $SPELL $AIXBT $D
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đšCrypto market in chaos: $760M liquidated in 24 hoursđš
đŁ The cryptocurrency market is being hit by a new wave of turmoil. In a span of 24 hours, nearly 760 million dollars have been liquidated, with 200 million in just one hour.
This sharp movement, a symptom of an ever-bubbling market, reflects the vulnerability of leveraged positions to sudden price fluctuations.
At the same time, this situation highlights the significant challenges investors must face, balancing risk management and heightened volatility. In the last 24 hours, the cryptocurrency market has been shaken by a series of massive liquidations, plunging trading platforms into unprecedented chaos.
According to data published by Cointelegraph on December 9, 2024, on social media platform X (formerly Twitter), "nearly 760 million dollars have been liquidated during this period, with a peak of 200 million dollars in a single hour." These figures, revealing the brutality of the events, indicate a deep imbalance caused by a rapid drop in prices across several major assets.
The most affected assets include Bitcoin and Ethereum, often considered the pillars of the crypto ecosystem. Thus, traders who had taken positions with high leverage were unable to cover their margin calls, triggering a cascade of forced selling.
This mechanism, already well-known in such volatile markets, amplified the price drop. Furthermore, this price decline creates a domino effect that has intensified volatility and reinforced a climate of panic among investors.
For investors, these losses underscore the urgency to develop more robust risk management strategies capable of cushioning the impacts of sudden market fluctuations.
#bearish #bearstime #rugpul #BTCâïž
$BTC $ETH $XRP
đŁ The cryptocurrency market is being hit by a new wave of turmoil. In a span of 24 hours, nearly 760 million dollars have been liquidated, with 200 million in just one hour.
This sharp movement, a symptom of an ever-bubbling market, reflects the vulnerability of leveraged positions to sudden price fluctuations.
At the same time, this situation highlights the significant challenges investors must face, balancing risk management and heightened volatility. In the last 24 hours, the cryptocurrency market has been shaken by a series of massive liquidations, plunging trading platforms into unprecedented chaos.
According to data published by Cointelegraph on December 9, 2024, on social media platform X (formerly Twitter), "nearly 760 million dollars have been liquidated during this period, with a peak of 200 million dollars in a single hour." These figures, revealing the brutality of the events, indicate a deep imbalance caused by a rapid drop in prices across several major assets.
The most affected assets include Bitcoin and Ethereum, often considered the pillars of the crypto ecosystem. Thus, traders who had taken positions with high leverage were unable to cover their margin calls, triggering a cascade of forced selling.
This mechanism, already well-known in such volatile markets, amplified the price drop. Furthermore, this price decline creates a domino effect that has intensified volatility and reinforced a climate of panic among investors.
For investors, these losses underscore the urgency to develop more robust risk management strategies capable of cushioning the impacts of sudden market fluctuations.
#bearish #bearstime #rugpul #BTCâïž
$BTC $ETH $XRP
woke up to this đđ« All the profit booked gone in one night. it's all rubbish big whale eating all small traders. when we will earn or save our investments ? it's pathetic that nobody controls this kind of dump
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đšMr BEAST under scrutiny againâ ïž
Discover how MrBeast has accumulated over 50 cryptocurrency wallets and profits exceeding $23 million.
đIs it ethically correct?
MrBeast (Jimmy Donaldson) has generated interest in the cryptocurrency community due to his involvement in high-profile promotions like the SUPER tokens.
However, his investment strategy has come under recent scrutiny, highlighting significant gains through strategic trades and wallet movements.
It has been observed that MrBeast has purchased certain tokens to later sell them for substantial profits, leveraging his influence to increase their visibility.
đIs it ethically correct?
MrBeast (Jimmy Donaldson) has generated interest in the cryptocurrency community due to his involvement in high-profile promotions like the SUPER tokens.
However, his investment strategy has come under recent scrutiny, highlighting significant gains through strategic trades and wallet movements.
It has been observed that MrBeast has purchased certain tokens to later sell them for substantial profits, leveraging his influence to increase their visibility.
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