⚠️ Rug Pulls: The Most Common Crypto Scam Explained 🧨

🚨 New token launch... huge hype... and then BOOM, the devs vanish.

That’s a rug pull — one of the most dangerous scams in the crypto space.

💡 What is a Rug Pull?

A rug pull happens when developers launch a crypto project (usually a DeFi token), pump its value, and then drain the liquidity or abandon the project, leaving investors with worthless tokens.

📉 Red Flags to Watch For:

No audit or verified contract

Anonymous or fake dev team

Sudden, unrealistic price pumps

Locked comments or deleted community chats

Poor or plagiarized website/whitepaper

🔒 How to Stay Safe:

Always DYOR (Do Your Own Research)

Use trusted platforms like Binance or Coinbase

Avoid FOMO in unknown meme tokens or low-cap projects

Check liquidity lock status and project audits

✅ Remember: If it sounds too good to be true, it probably is.

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