Tag Archives: rug pulls

On-chain analytics platform Nansen has released a report examining the aftermath of the controversial LIBRA token. Its findings indicate that 86% of traders who bought the cryptocurrency collectively lost about $251 million, while a select group of winners walked away with at least $180 million in profits. A Rapid Rise and Fall LIBRA debuted on Valentine’s Day, gaining instant traction after Argentine President Javier Milei appeared to endorse it in a post on X that has since...

Barstool Sports founder Dave Portnoy launched a meme coin called $GREED today from his official wallet. However, he sold his entire position an hour later, causing the token’s value to crash by more than 90%. A Social Experiment In a February 19 post on X, the founder criticized the meme coin space, stating: “The entire ecosystem is Greed and nothing else. Go dump on each other peasants but don’t complain to me if you lose money. You are all greedy. At least admit it.” He...

Cardi B, took to her X account to promote a new meme coin named after her iconic track. However, there have been concerns surrounding the promotion, with security experts suggesting the account may have been compromised. Cardi B Shares $WAP Video The rapper, who has been in the news lately after claims emerged that she had undergone surgery, set off events with an October 7 post on X with a picture of her holding a cat. In the post, Cardi B, whose real name is Belcalis...

Meme Coins, wie Dogecoin, Shiba Inu und Poodlana haben in den letzten Jahren enorm an Popularität gewonnen. Angetrieben durch virale Memes und die Unterstützung prominenter Persönlichkeiten, haben diese Kryptowährungen eine treue Fangemeinde und einen beträchtlichen Marktwert erreicht. Doch trotz ihres spielerischen Charakters bergen Meme Coins erhebliche Risiken, insbesondere in Bezug auf Marktmanipulation und betrügerische Praktiken wie Rug Pulls. WhatsApp-Gruppen und andere...

Not long ago, we put out an article talking about how May was the worst month for bitcoin this year. The currency ended May about two percent less than where it had been in previous months, and this was the first time this year in which BTC didn’t finish a 30-day period on a high. Mike Novogratz – a bitcoin bull and hedge fund manager – had a lot to say on the matter as he made clear in a recent interview. Mike Novogratz on the Current State of BTC In his...

Hackers have learned to manipulate smart contracts so they can engage in what are known as crypto “rug pulls” and make off with heavy profits. Rug Pulls Are Becoming Too Common According to a recent document published by blockchain analysis firm Chainalysis, rug pulls were the most common cyberattack to occur in the crypto space throughout 2021. Rug pulls are when new coins or tokens are established very quickly. The developers ultimately do all they can to bring...