Rug Pull

Rug Pull

Definition:

An insidious scam where a crypto project takes the funds that have been raised and disappears. They never deliver on roadmap, provide no further utility and buyers are caught holding the bag. This could have been the plan all along and the Discord and twitter mentions can become toxic quickly.

Degen Chat

“Another day, another rug pull in NFT land. @farokh is always watching from @Rugradio”

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