Heard people talking about Rug pulls but don't know what they really are and how to avoid them?💭
Rug pulls are a type of scam that involves a sudden and drastic drop in the price of a crypto, followed by a quick withdrawal of the funds by the scammer.🚨
The scammer then sells off the coins at a lower price, making a profit while leaving the unsuspecting investors with a major loss.😟
Now that you know what rug pulls are, let's discuss how to avoid them. 🕵️
The best way to protect yourself is to do your research and always be cautious when investing in crypto. 🪙
Ensure you understand the crypto project, read the whitepaper, and check out the team. You should also pay attention to the circulating supply of coins and the volume of trading activity.📝
With a little bit of research and education, you can help protect yourself from rug pulls and other scams.💯
#rugpull #crypto #scams Now that you know how to save yourself from Crypto Scams, with just a few taps on the CoinDCX crypto investment app, you can easily access over 300+ crypto coins. Download it now to get started!📱:https://bit.ly/3xJLmTu --------------------------------------------------------------------------------------------------------------------
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