In the fast-moving world of crypto, rug pulls are one of the most common scams—where a project team suddenly abandons the project, taking investors' money with them. But don’t worry—you can protect yourself by learning to read the signs.
🚩 What is a rug pull?
A rug pull happens when developers hype up a crypto project, attract investors, and then disappear with the funds—leaving behind a worthless token.
🔍 5 Red Flags to Watch Out For:
No clear team info → Anonymous founders = 🚨
Unverified smart contracts → Hidden flaws can be used to drain funds
No liquidity lock → If the team can remove liquidity anytime, it’s risky
Too-good-to-be-true returns → 10,000% APY? Sounds more like a trap
Low community engagement → No active users = no real trust
📌 Pro Tip:
Use tools like TokenSniffer or De.Fi Scanner to check contract safety and project scores.
🗳️ Your Turn
Have you ever nearly fallen for a rug pull?
🔘 Yes, but I dodged it. 🔘 No, I’ve been cautious. 🔘 I didn’t even know what a rug pull was till now
💡 Crypto can be life-changing—but only if you protect your wallet like your life savings. Learn, verify, and never invest out of FOMO.
🔖 #CryptoSafetyFirst #Write2Earn
