Asked: What does “Rug Pull” mean?
My answer: If the contract still has minting privileges, the project team can create a large number of tokens out of thin air and sell them. Many Rug Pulls happen shortly after a token launches, so the newer the token, the more cautious you should be.
$PEPE 0.0₅488 (+12.96%)
Have you ever been burned by something like this? Share your experience to give everyone a heads-up.
My answer: If the contract still has minting privileges, the project team can create a large number of tokens out of thin air and sell them. Many Rug Pulls happen shortly after a token launches, so the newer the token, the more cautious you should be.
$PEPE 0.0₅488 (+12.96%)
Have you ever been burned by something like this? Share your experience to give everyone a heads-up.