What is a Rug Pull?

A rug pull is a type of scam in the cryptocurrency market where a project's creators suddenly sell all of their tokens, causing the price to plummet and investors to lose money. This can happen when a project's creators hold a large percentage of the cryptocurrency's total supply and then sell off their holdings, often without warning. It can be especially harmful to investors holding large amounts of cryptocurrency, as they may suffer significant losses. Therefore, investors need to do…