đȘ€ What Is a Rug Pull? (And How It Destroys Your Crypto Portfolio in Seconds!)
đš Ever bought a hyped token that pumped fast⊠and then crashed to zero instantly?
You've just witnessed a rug pull â one of crypto's most brutal scams.
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đ How It Works â Step by Step:
1ïžâŁ Scammers launch a fake token
â They pair it with real tokens (like BNB) on a DEX.
2ïžâŁ They add fake trust + massive hype
â Influencers, fake roadmaps, insane APYs.
3ïžâŁ Investors buy in, price pumps hard
â Everyone thinks it's the next 100x gem.
4ïžâŁ Then the trap is triggered...
đŁ Developers remove all liquidity
â They take the BNB/ETH and vanish.
5ïžâŁ You're left holding worthless tokens.
đ No liquidity = You canât sell = Price crashes to 0.
đ Why Price Drops So Fast:
> DEX price = Token A / Token B
When they pull all the real value (Token B),
đ price calculation collapses
đ buyers disappear
đ chart nukes instantly
đ© Red Flags to Watch:
Anonymous devs đ»
No liquidity lock đ
No audits đ
Crazy high APY promises đ
No utility or real use case â
Always DYOR in crypto.