Crypto 101 ๐ Rug Pulls
An unaudited contract, an anonymous issuer, and a large concentration of tokens held before launch are all common red flags.
If the contract still allows additional tokens to be minted, the deployer can print and sell large amounts of tokens at any time.
In this space, the costliest thing has never been transaction feesโitโs the price of not understanding the rules.
$PEPE โs website says the LP has been burned and contract ownership renounced. These two points are often used to assess rug-pull risk.
These views are for discussion only. Participate at your own risk.
An unaudited contract, an anonymous issuer, and a large concentration of tokens held before launch are all common red flags.
If the contract still allows additional tokens to be minted, the deployer can print and sell large amounts of tokens at any time.
In this space, the costliest thing has never been transaction feesโitโs the price of not understanding the rules.
$PEPE โs website says the LP has been burned and contract ownership renounced. These two points are often used to assess rug-pull risk.
These views are for discussion only. Participate at your own risk.