🚨 WHAT IS A RUGPULL FOR THOSE WHO DON'T KNOW!
For those who jump in right away thinking they've found a new project... This flood is for you 😤
Come on, let's solve one of the sneakiest traps in the crypto world together 👇🏻👇🏻
🧶 What is a Rugpull?
As the name suggests: It's like pulling the rug from under you...
The project lures you in with hype, and you invest…
So what happens next?
The founding team takes the money and disappears.
In other words, it's outright fraud 👻
💀 Types of Rugpulls:
✨Liquidity Rug:
The most classic! The project hasn't locked liquidity, and suddenly you see the Uniswap pool EMPTY.
✨Dump Rug:
There's no token vesting, the team dumps their tokens in one day.
You look at a 90% drop, tears don't flow, coins do 😭
✨Smart Contract Rug:
There's a backdoor in the code. The developer can withdraw funds whenever they want.
By the time you realize, it’s too late...
🔍 So How Can You Tell?
🧠 A smart investor stays alert.
📌 Here are some tips to understand rug risk:
✔️ Is the team anonymous?
✔️ Does the website look like it’s from 2010?
✔️ Is there an audit?
✔️ Is the token distribution reasonable?
✔️ Is liquidity locked?
✔️ Did it rise 500% in one day? (very suspicious 👀)
🧠 DYOR = Do Your Own Research says shshhs
The essence of the flood is this: "Don't jump into everything just because X influencer mentioned it."
Research, question, and if necessary, get out.
📣 Don't forget:
There are many opportunities in crypto, but if you're not careful, they’ll take your money along with the rug 🧹
❌ This post is not investment advice.
✅ But it can be a shield to protect you from scammers!
Retweet, save one more person from a rugpull 🤭👻