Rug pulls (exit scams) in a nutshell:
If the deployer still holds the LP tokens and they haven’t been locked or burned, they can withdraw the funds from the pool at any time.
Many rug pulls happen soon after a token is launched, so the newer the token, the more cautious you should be.
Before trading newly launched meme coins, check whether the contract allows additional tokens to be minted and whether the LP is locked or burned.
$PEPE 0.0₅393 (-3.44%)
If the deployer still holds the LP tokens and they haven’t been locked or burned, they can withdraw the funds from the pool at any time.
Many rug pulls happen soon after a token is launched, so the newer the token, the more cautious you should be.
Before trading newly launched meme coins, check whether the contract allows additional tokens to be minted and whether the LP is locked or burned.
$PEPE 0.0₅393 (-3.44%)