A scam where the creators of a crypto project suddenly drain all the funds and disappear, leaving investors with worthless tokens.
Think of it like a store that takes everyone's pre-orders, then shuts down overnight and vanishes with the money.
Rug pulls are one of the most common scams in crypto, especially with new tokens, so learning to spot warning signs can protect your money.
Watch out for anonymous teams, locked liquidity that expires soon, and projects that pressure you to invest quickly — these are classic rug pull red flags.
A cryptocurrency created as a joke or based on internet culture and memes, often with no serious technology or use case behind it.
A shared pot of crypto tokens locked in a smart contract that enables trading on a decentralized exchange — users deposit tokens and earn fees in return.
A Decentralized Exchange — a platform where you trade crypto directly with other users through smart contracts, with no company in the middle.
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