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