How to Analyze Liquidity Pools and Other Factors to Avoid Being a Victim of Rug Pulls

5 min read

Avoid rug pulls by analyzing liquidity pools li

Rug pull is a term that everyone dreads in the crypto sphere. It is one of several scams that is used in the crypto industry by bad actors to make a quick buck. Unlike hacks and other frauds, rug pulls are nearly always an inside job, with the developers (as a whole team or one or more of the members deceiving the rest of the team) walking away with investors’ hard-earned money, leaving them with worthless tokens. According to research, more than $48 billion has been siphoned off through over four hundred rug pulls so far. Because of this, many…...

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Audrey Nesbitt Audrey Nesbitt is an accomplished leader and strategist in the WEB3, NFT, DeFi arenas, entrepreneur, writer, restaurateur, and proud core member of CryptoChicks, a non-profit, global educational hub founded to empower and inspire women and youth interested in learning about cryptocurrencies and blockchain.