As time goes by, points of view regarding the world of investment become more diverse. From Gold, Stocks, Mutual Funds, to the newest choice of investment instruments, namely Crypto. ⏳
The increasing development of crypto makes it an option for investors to use crypto as a step to diversify their assets. However, the question arises before or while investors want to put their funds into crypto, will this crypto be for the long term? ❓
The question is being asked because of the increasing number of crypto coins or tokens that are experiencing problems, such as crypto being stolen from wallets due to clicking on hacker trap links, tokens or coins that are just so they don't have clarity regarding the project, so there are several cryptos that are experiencing Rug Pull.🔥
Rug Pull occurs because the founder of the crypto project holds a lot of crypto coins or tokens, and succeeds in raising funds from investors or traders. After collecting enough funds, the founder of the crypto project sold as many coins or crypto tokens as possible that he had prepared to carry out the Rug Pull action in the blink of an eye – a kind of fraud.🔥
So how to avoid Rug Pull in the crypto world? What investors can do to avoid Rug Pull, namely identify the developer team behind a crypto project, analyze data and information regarding the wallet addresses of anyone who holds crypto coins or tokens – what percentage of each wallet, and stay away from thoughts of FOMO .⛓️
Investors can do things to avoid Rug Pull, if investors or traders are careful in carrying out activities in the crypto world – analyze them more deeply.⚙️
Disclaimer: This article is not financial advice, the author is not a financial advisor. All investment and trading activities are your own decisions and your own responsibility. Please do your own research.
