What does “Rug Pull” mean?
If a token on Solana retains freeze authority, the issuer can freeze holders’ token accounts, preventing them from transferring their tokens.
A rug pull is when the issuer suddenly withdraws liquidity or dumps a large amount of tokens, making it nearly impossible for other holders to sell theirs.
When managing your funds, the most important thing to remember is this: verify slogans like “We’ll never abandon the project” and “The team’s tokens are locked” on-chain yourself. Verbal promises don’t count.
$PEPE 0.0₅403 (-0.25%)
#PEPE
If a token on Solana retains freeze authority, the issuer can freeze holders’ token accounts, preventing them from transferring their tokens.
A rug pull is when the issuer suddenly withdraws liquidity or dumps a large amount of tokens, making it nearly impossible for other holders to sell theirs.
When managing your funds, the most important thing to remember is this: verify slogans like “We’ll never abandon the project” and “The team’s tokens are locked” on-chain yourself. Verbal promises don’t count.
$PEPE 0.0₅403 (-0.25%)
#PEPE