Here is the fastest way people lose money when trading #meme coins
A rug pull happens when the creators of a cryptocurrency project suddenly drain all the funds from a liquidity pool and vanish, leaving investors with worthless tokens, this is the new order of the day for meme coins
This scam is especially common in the DeFi (Decentralized Finance) space.
A notorious example is the Squid Game token scam, where developers made off with over $3 million after the token's price skyrocketed.
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