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Draft:Rug Pull

From Wikipedia, the free encyclopedia

a Rug Pull is a practice most common in the crypto coin market where the main stockholders of a crypto currency sell all their assets (in otherwords, "pull out") when the coins stock is at it's assumed highest[1]. This leaves the investors in the coin with worthless crypto tokens that are worth considerably less than the amount they invested.[2]

References

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  1. ^ "What is a rug pull and how to avoid it?". www.coinbase.com. Archived from the original on 2024-12-04. Retrieved 2024-12-26.
  2. ^ "What is a Rug Pull? DeFi Scams Explained". Solidus Labs. Retrieved 2024-12-26.