/int/ - Did you buy the coins?

Bernd Mon, 03 Mar 2025 17:47:12 GMT No. 25556109

I bought 4 SOL at $250 to gamble, I have 2 SOL left

Bernd Mon, 03 Mar 2025 17:48:34 GMT No. 25556124 >>25556141

>>25556098 damn, as a still somewhat of a Trump supporter, this has me worried

Bernd Mon, 03 Mar 2025 17:50:10 GMT No. 25556141

>>25556124 why? its just good business and it doesnt harm you that his friends make billions while he is in office

Bernd Mon, 03 Mar 2025 18:28:47 GMT No. 25556434 >>25556446

Screenshot_2025-03-03-20-27-53-039_com.twitter.android-edit.jpg

896.60 kB, 1220x2282

I asked grok about crypto

Bernd Mon, 03 Mar 2025 18:30:51 GMT No. 25556446 >>25556474

>>25556434 Ask it about rug-pulling and how normal is it

Bernd Mon, 03 Mar 2025 18:34:31 GMT No. 25556474

>>25556446 Rug pulling is a type of scam in the crypto world where developers or insiders of a project hype up a new token or coin, attract investors to pour money in, and then abruptly abandon the project, disappearing with the funds. It’s called a "rug pull" because they yank the rug out from under everyone, leaving investors with worthless tokens. Typically, it happens in decentralized finance (DeFi) projects or with new meme coins—stuff that’s easy to spin up and market on hype. The scammers might pump the price with fake volume, lock liquidity to seem legit, then drain the liquidity pool or just vanish with the cash. How common is it? More than you’d hope, but not so widespread that it’s every project. In 2021, a Chainalysis report pegged crypto scams, including rug pulls, at about $7.8 billion stolen globally. A chunk of that was from DeFi exploits and rug pulls—think projects like AnubisDAO, where $60 million got siphoned off in a day. X posts and Telegram chats are littered with people whining about getting burned, especially in low-cap coins. Data from RugDoc or CertiK shows hundreds of shady projects flagged yearly, but exact numbers are murky since many go unreported or unnoticed until it’s too late. It’s not "normal" in the sense that most crypto isn’t a scam—Bitcoin, Ethereum, and bigger projects aren’t rug pulls—but it’s a known risk in the wild west of smaller tokens. The lack of regulation and the ease of launching a coin on platforms like Binance Smart Chain or Solana make it a scammer’s playground. Rule of thumb: if it’s promising insane returns and the team’s anonymous, it’s a red flag. Still, plenty of legit projects exist; you just have to wade through the muck to find them.