Slow Rug Pulls: The Wild Nature of Cryptocurrency Projectsby@CryptoAdventure
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Slow Rug Pulls: The Wild Nature of Cryptocurrency Projects

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A rug pull event takes place when a virtual asset developer manipulates a token's worth, making it look more lucrative than it is. After that, the developer abandons the project, taking investor funds with them. Rug pulls accounted for almost 40% of all crypto scams that took place in the last year that totaled $7.7B. Crypto veterans often encourage people to DYOR(do your research), but what exactly does that mean, and what should one do to avoid getting scammed?

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@CryptoAdventure

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