Rugpull is a serious risk in crypto investing. Here are some ways to avoid it:
1️⃣ In-depth Research: Do thorough research on the project and its team before investing. Review whitepapers, roadmaps, and previous successes
2️⃣ Review Open Source Code: Check the project source code on platforms like GitHub. This helps ensure project security and transparency
3️⃣ Market Analysis: Review the market conditions and trading volume of the project. If there are suspicious price fluctuations or low liquidity, it could be a red flag
5️⃣ Use Trusted Exchanges: Trade only on trusted and well-known exchanges that have a good reputation for safeguarding assets and fighting fraud, such as Binance
