 | Hey everyone, Something I notice many times per day on Dexscreener are the high value insta-rug new pairs, whereby a Solana shitcoin pumps up to some astronomical number immediately, and then instantly rugs with the liquidity having been pulled. I have enough common sense to not throw money at this, but I'm really curious to understand what's actually going on here, and what the reason for doing something like this is? I find this impossible to believe the individual behind an operation like this is actually making off with $1.5B - so where does this figure come from, and how are they confusing Dexscreener in this way? Is this money laundering? Some kind of tax scheme? What's the actual reason for even doing this? I'm so confused given that it seems to be botted and not actually taking anyone's money. A lot of the rugs happen so fast that I initially thought it might be a trap for sniping bots.. But I really have no idea what's happening here. Appreciate any insights into what's actually happening. Thank you! [link] [comments] |
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments