What is a Rug Pull in Crypto? (Meaning + 3 Examples)

You might be here wondering what a Rug Pull is. In this video, we are going to explain exactly what a rug pull is, how they work, and the 3 main ways a rug pull happens. There are also some signs to look out for when investing in any coin or token, and we share those as well.

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[DallasCowboyFan]

As a CS grad and a Software Engineer, your video's have the best explanation in youtube. Keep up the work, it will pay off soon.

[hanzo]

Wtf, they mastered buy high sell low strategy, truly inspirational 😂

[andreajueal]

Most people venture into crypto to be a millionaire, meanwhile, I just want to be debt free

[night]

This video is golden and deserves more attention.

Your channel is simply amazing, congratulations and thank you!

[gamerzsshorts]

*Quick Rico Tech* on the web I would like to sincerely thank you from the bottom of my heart! So many from tough harsh living conditions that suffer and you helping and giving them something that they desperately need just to survive. I thank God for wonderful people like you that are making the differences that truly matter most! God Bless you Love from Greenville NC.

[namonhilaireTonga]

6 months ago I had no idea what Crypto is.
Now I have $36, 000 in BTC and ETH.
I still have no idea what Crypto is.
But I have a big hunch. I also need to see a chiropractor

[rafikvanc]

So grateful that I came accross your videos. No other youtuber will explain topics like you guys. Super awesome and easy to understand.

[FailOfTheDayBlog]

Thanks for this: Strong is a great example: all of a sudden you can't sell it anymore (or they limited it)

[diejavu]

Dude, how the f did I understand all that easily! You're great at explaining and to top it off, entertaining!

[Dangerismylife]

Actually so helpful. Not only for investors. But for ppl trying to make a drop and do so in the right manner. How to take the right steps in giving the community some security

[secondstartotheright]

Squid game was lol. Litecoin was almost one as the creator told the litecoin community that the price was about to pump then the same day he sold 100% of his LTC holdings and a few days later the price dumped.

[gearzone]

Like the Housing Market collapse and the banking financials meltdown. The sad thing about the crypto rug pull is that it is very minimal in terms of ripple effect.

[barttfisher]

The $44, 000 of two years ago buys about 20% less today, so Bitcoin at $44, 000 today is worth 80% of a bitcoin two years ago. It would have to get to $50, 000 to be equivalent. Bitcoin may or may not be inflation immune, but the dollar that it gets quoted in is not immune to inflation. Still a bargain below $45k, Get it while it's hot. If you missed the 2017, 2021 bull run.

[cryptoking]

The community aspect of cryptocurrency is so important; thanks for addressing it.

[jam_]

binge watching all your videos <3 thank you soo much.

[x__]

Interesting on Etherscan and BSCScan (4:19), but they're too limited to be really helpful in some important cases.

[Willfully_Ignorant]

If you want to know what a pump and dump is read up on what Frazier Kay did to his fans with his “save the kids token”. You really should have explained how the presale works and how changing the whale code works.

[nanamuha]

lovely, why? Simple, undarstandable and friendly explonation👍🏻🤙🏻👌❤❤

[doublejay]

Your explanation skills are masterful. Thanks very much for making this.

[cryptotrend]

This is exactly what I needed to understand DeFi better!