Meme | What is a Rug Pull?
If the contract still allows new tokens to be minted, the deployer can print a large amount of tokens and sell them at any time.
When checking an LP lock, look at how much is locked and when the lock expires. If only a small portion is locked or it expires soon, the protection it offers is limited.
$PEPE ’s website says the LP has been burned and ownership of the contract has been renounced. These two points are often used to assess Rug Pull risk.
Understand the rules before getting involved, and don’t trade based on gut feeling.
If the contract still allows new tokens to be minted, the deployer can print a large amount of tokens and sell them at any time.
When checking an LP lock, look at how much is locked and when the lock expires. If only a small portion is locked or it expires soon, the protection it offers is limited.
$PEPE ’s website says the LP has been burned and ownership of the contract has been renounced. These two points are often used to assess Rug Pull risk.
Understand the rules before getting involved, and don’t trade based on gut feeling.