#rugpull

What is rug pull?

In the crypto world, a rug pull is a sneaky scam where developers hype up a token, attract investors, then suddenly disappear with the money 🏃💸. It's like pulling the rug out from under everyone—leaving holders with worthless coins 😵. Rug pulls usually happen in decentralized exchanges where anyone can launch a token with flashy promises 🚀💬. Once enough people buy in, the creators drain the liquidity pool and vanish 🧪💨. It's a harsh lesson in doing your research 🔍 before jumping into trendy tokens. Always check for red flags like anonymous teams, no audits, or locked liquidity 🔒. The crypto world is exciting and full of potential, but not without its risks! ⚠️💼 Stay sharp! 🧠