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How to find a legit project and avoid Scames projects (Rug pull) : e.g : LUNA ๐ โ ๏ธ RUG PULL : A rug pull in crypto is a type of scam where the developers of a project suddenly take all the invested funds and disappear, leaving investors with worthless tokens. It often happens in decentralized finance (DeFi) or with newly launched coins that seem promising but have hidden risks. To avoid falling for a rug pull, you need to know what to look for. 1 . Team Transparency Check if the team behind the project is real and verified. If the developers are anonymous or use fake identities, itโs a major red flag. Legit projects usually have a public team with experience and a good track record in the crypto or tech space. 2 . Locked Liquidity Make sure the project's liquidity is locked in a smart contract. Liquidity is the pool of funds that lets people trade the coin. If itโs not locked, developers can remove the money and run. You can check liquidity lock status using tools like Etherscan or TokenSniffer. 3 . Beware of Hype and Promises Avoid projects that guarantee huge profits or use too much hype. Scams often promise quick and easy money, but real crypto projects focus on technology and long-term goals, not just marketing and hype. 4 . Real Use Case and Roadmap Check if the project has a clear purpose and a solid plan. A good project should have a detailed whitepaper and roadmap. If these are missing, poorly written, or copied from other projects, itโs a bad sign. 5. Token Distribution โ ๏ธ Look at how the tokens are distributed. If a few wallets hold most of the supply, those holders can crash the price by selling suddenly. You can view token holder data on blockchain explorers to see if the distribution is fair. #Rugpull $LUNC $USTC
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$TRX /USDT Riding the Bullish Wave! Currently there is 50/50 chances of bullish or bearish Break out above $0.2760 will confirm Bullish ๐ and at $0.2740 will confirm Bearish ๐ Current Price: $0.2752 24H High: $0.2764 24H Low: $0.2710 Volume: 173.04M TRX / $47.28M USDT ๐ Trade Setup : Entry : Above $0.2760 ( break out confirmation ) #1 : $0.2780 #2 : $0.2800 ๐ Stop Loss: $0.2740 Trade here on $TRX โ ๏ธ DYOR โผ๏ธ High Risk CRYPTO Markets Are Highly Volatile So Always Do Your Own Research โผ๏ธ #Tron
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Bro asked how to identify Rug pull โผ๏ธ Here are key signs to identify a potential rug pull in crypto: 1. Anonymous or unverified team โ if the developers hide their identities, itโs harder to hold them accountable. 2. Locked or unlocked liquidity โ if liquidity isnโt locked in a smart contract, the creators can withdraw funds at any time. 3. No clear use case or roadmap โ vague goals and promises without technical details often point to scams. 4. Overly hyped marketing โ aggressive promotion with promises of massive returns is a common rug pull tactic. 5. Unusual tokenomics โ red flags include a few wallets holding most of the supply or high transaction taxes. #Rugpull #AwarenessOnScam
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Average crypto trader Mind 24H ๐ตโ๐ซ #MEME #CryptoMemes
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$MORE seriously ๐ณ What is this ? ๐ฎ
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