A rug pull in cryptocurrency is when developers or insiders suddenly withdraw liquidity from a project, causing the token's value to collapse. This leaves investors with significant losses.
Imagine someone pulling the rug out from under your feet – the project's value collapses, leaving investors with few options. A rug pull is a type of exit scam that can devastate investors and damage the project's reputation, like what happened with Mantra ($OM).
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#scamriskwarning #MantraChain #om