@daddyaddy
Majority of crypto users have faced Rug Pulls at least once. Here is how it happens:
1. Creation of a token or project.
2. Attracting investors through marketing.
3. Setting up a liquidity pool on a decentralized exchange.
4. Investors buy the token, increasing its price and liquidity.
5. Developers withdraw all liquidity, causing the token's value to plummet.
6. Scammers disappear with the funds.
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