Farcaster

A subtle reminder that not all your investments will be productive, no matter how long you DYOR. Some project are legit at first, but the team’s greed or errors will sentence investors to massive losses, and some projects disguise as legit for as long as they amass enough victim before the pull the rug. one example is $Kinto; i and a lot of hopeful degens bought at $15, at TGE, it was listed around $6 and crashed to around $2. It managed to pump to around $6, and Viola - a rug pull today. 

Guess what: The team is claiming an exploit on Arbitrum caused the sudden and sharp price crash! Look at the screenshots!

Another case study is OM Mantra(though I escaped the sudden crash). The bottom line is that scared money doesn’t make any money, and on-chain, there is a battle of wits against so many bad players disguised as legitimate projects!