Protect Your Investment - 6 Red Flags To Spot A Rugpull

6 Warning Signs to Watch Out For
Learn how to recognize rug pulls in the crypto world and spot the red flags before investing. Delve into the team behind the project: their past achievements, credibility, and community reputation. Scrutinize their social media presence for authenticity, and beware of newly created or fake accounts promoting the project.Show more

Assess the legitimacy of the project through its media quality, website appearance, promotional materials, and the contents of its white paper. Stay cautious of anonymous teams, reminiscent of Bitcoin's mysterious founder, Satoshi Nakamoto.

Ensure the security of liquidity by verifying if the currency is liquidity locked through a time-locked smart contract. Look for a lock-up period of 3 to 5 years post-initial coin offering (ICO) and a Total Value Locked (TVL) of 80% to 100%. Beware of sell order limits, which may indicate control by creators, and sudden price spikes in projects with few token holders.

Be wary of promises of unusually high yields, which often signify scams or Ponzi schemes. Verify staking lock-up periods and demand third-party code audits to confirm project legitimacy. Remember, if it seems too good to be true, it probably is. Stay vigilant and prioritize security in your crypto investments.

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Ethereum: 0x93aC7eBC2C731914ABB9fDf1fF77Bc1E56A5140a
Bitcoin: bc1qp058qkgfsmccjeyfsy5qdx5qm9gy6k5gcyvu4r

Timestamps
00:00 Intro
0:20 Red flag 1: The team & social media
1:40 Redflag 2: Liquidity lock
2:53 Redflag 3: Limit sell orders
3:35 Redflag 4: Pump n dump
4:31 Redflag 5: High yield
5:36 Redflag 6: Code audit

Videos mentioned:

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Disclaimer: The information provided in this video is for educational and entertainment purposes only. It is not financial advice.

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