【Term Explained】What is a Rug Pull?
If a contract still has minting privileges, the deployer can mint a large amount of tokens and sell them at any time.
Many Rug Pulls happen shortly after a token launches, so the newer the token, the more cautious you should be.
$PEPE ’s website states that the LP has been burned and contract ownership renounced—two points often checked when assessing Rug Pull risk.
There’s no shame in playing it safe. Staying in the game matters far more than how much you make on any one trade.
#PEPE
If a contract still has minting privileges, the deployer can mint a large amount of tokens and sell them at any time.
Many Rug Pulls happen shortly after a token launches, so the newer the token, the more cautious you should be.
$PEPE ’s website states that the LP has been burned and contract ownership renounced—two points often checked when assessing Rug Pull risk.
There’s no shame in playing it safe. Staying in the game matters far more than how much you make on any one trade.
#PEPE
