Binance Academy Explains Rug Pulls: Five Red Flags to Spot Scams
Binance Academy warns that a rug pull occurs when a token surges 100x then drops to zero, leaving investors with worthless assets. They list five red flags: anonymous teams, no audit, unlocked liquidity, unrealistic promises, and token supply concentrated in few wallets.
What is a Rug Pull？ You see a token pumping 100x. You ape in. Next morning the price drops to 0. That's a rug pull. 🚩 5 red flags: - Anonymous team - No audit - Unlocked liquidity - Unrealistic promises - Token supply held by a few wallets DYOR isn't a meme, it's survival. Learn more about rug p
What is a Rug Pull？ You see a token pumping 100x. You ape in. Next morning the price drops to 0. That's a rug pull. 🚩 5 red flags: - Anonymous team - No audit - Unlocked liquidity - Unrealistic promises - Token supply held by a few wallets DYOR isn't a meme, it's survival. Learn more about rug p
What is a Rug Pull？ You see a token pumping 100x. You ape in. Next morning the price drops to 0. That's a rug pull. 🚩 5 red flags: - Anonymous team - No audit - Unlocked liquidity - Unrealistic promises - Token supply held by a few wallets DYOR isn't a meme, it's survival. Learn more about rug p