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A “rug pull,” which gets its name from the expression “pulling the rug out,” is a cryptocurrency scam in which a developer attracts investors but pulls out before the project is complete, leaving buyers with a worthless asset.
The following are six signs users should watch out for to protect their assets from crypto rug pulls.
Unknown or anonymous developers. ...
No liquidity locked. ...
Limits on sell orders. ...
Skyrocketing price movement with limited token holders. ...
Suspiciously high yields.
How to #avoid #rug #pulls & the Latest Cryptocurrency Scam
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https://www.youtube.com/watch?v=ffI2r9_SEcE