#Rugpull #DEX #FOMO Rug pull is a common scam in DEXs where the creators of a token withdraw liquidity, dump their coins, or use malicious codes to prevent sales, causing the price to plummet and leaving investors with worthless tokens.
How the scam happens
1. Project is launched with hype, flashy website, and aggressive marketing.
2. They create a liquidity pool paired with popular assets.
3. They influence FOMO to attract buyers.
4. They withdraw liquidity or dump tokens at once.
5. They disappear with the money.
Main types
Removed liquidity
Pump and dump
Malicious code (blocking sales, abusive fees, secret issuance)
Wash trading (fake volume)
How to avoid
Check contract and audits.
Check liquidity and if it is locked.
Analyze token distribution.
Be suspicious of exaggerated hype and unrealistic promises.
Observe charts and suspicious behavior.
Conclusion
If the project seems "too good to be true" and appeared out of nowhere, proceed with caution. Research and vigilance are your best protection against quick scams in DEXs.
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