What is Rug Pull?
A Rug Pull is a malicious maneuver in the Crypto Currency Industry where crypto developers abandon a project and run with nvestors funds, this also known as a Scam Coin.
Rug Pull mostly occurs in Defi (Decentralized Finance) especially on Dex (Decentralized Exchanges). Some malicious individuals create a token and list it on dex then pair it with leading cryptocurrencies like Ethereum, Once a significant amount is invested by investors then creators of the coin swap it through a liquidity pool to zero.
Rug Pull often create temporary hype around it using Telegram and other social media platforms like Facebook, Twitter etc.
Other example is skyrocketing prices within hours from 0 to 50 times. This trick creates FOMO (fear of missing out) that leads to more people investing in the token.
Be careful to purchase such coins.
#RugPulls #scamcoins #fomo

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Have you guys faced $WEN is Scamming Airdrop?? I have followed the instructions on phantom I just connected my wallet to one of Reedem nft avater then immediately my Solona Immediately transferred to unknown address. That was the moment I realize $WEN is not coin its just key to your wallet.
Be Careful.
$WEN #scamcoins

$PDA SELL THIS SHIT there will be NO pump. Even the whales are selling in massive losses. The PDA team is SILENT, 0 actions taken, i wish they get their karma for this scam. #delistPDA #scamcoins

Nearly 118,000 scam tokens were deployed from the start of January through the end of November, according to blockchain risk monitoring firm Solidus.
#Binance #scamcoins #crypto #scams #cryptoonindia

Guys Everyone should be alert about$PEPE is scam there is no behind pepe coin.

pepe coin is made for fun.

my request to everyone don't invest in $pepe coin.

please want to share this scam with everyone who would like invest in pepe coin

please share and repost this post for everyone should know about pepe coin

#PEPE‏ #pepecoin #scamcoins
#Alert!!