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Padmanabhan

@mpadhu

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36 Followers


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🧠 What is a Rug Pull in Crypto? Here's What You NEED to Know Rug pulls are one of the biggest threats in Web3 and they don’t just target beginners. Whether you’re deep into DeFi or just ape-ing into memecoins, here’s the lowdown on how rug pulls work, why they’re dangerous, and how to protect yourself. 1️⃣ How Do Rug Pulls Happen? Most rug pulls occur on decentralized exchanges (DEXs) where anyone can launch a token. Here’s the usual playbook: 📌Devs launch a new token on a DEX. 📌Hype it through social media, influencers, and fake roadmaps. 📌Price pumps as people buy in. 📌Devs either: => The result? Token crashes. Devs vanish. Holders lose everything. 2️⃣ Famous Rug Pulls You Should Know Here are some infamous examples: 📌$SQUID (Squid Game Token): Used Netflix hype, disabled selling, devs ran off with millions. 📌Thodex Exchange: CEO disappeared with $2B in user funds. 📌AnubisDAO: Raised $60M in ETH with no whitepaper or website. Liquidity vanished
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