RE: LeoThread 2024-11-21 08:32
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Once substantial funds have been gathered, developers typically execute one of several strategies to execute the rug pull. Commonly, they may withdraw liquidity from the trading pairs on decentralized exchanges (DEXs), which essentially traps investors’ tokens in a scenario without exit options. Alternatively, developers may resort to a massive sell-off, crashing the price and leaving investors with little more than a bitter experience.
Other rug pulls may involve outright project abandonment, where developers vanish, leaving behind an enterprise in shambles. In all these scenarios, the metaphor of a "rug pull" resonates deeply, symbolizing the abrupt betrayal that investors face, akin to having the rug yanked from under them.