What is a Rug Pull in Crypto? (Meaning + 3 Examples)

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  • Опубліковано 27 лис 2024

КОМЕНТАРІ • 532

  • @hanzo002
    @hanzo002 3 роки тому +98

    Wtf, they mastered buy high sell low strategy, truly inspirational 😂

  • @DallasCowboyFan95
    @DallasCowboyFan95 3 роки тому +154

    As a CS grad and a Software Engineer, your video's have the best explanation in youtube. Keep up the work, it will pay off soon.

    • @WhiteboardCrypto
      @WhiteboardCrypto  3 роки тому +19

      It'll pay off with people like you supporting our hard work, thanks! :D

    • @KaKaroTChannel7
      @KaKaroTChannel7 3 роки тому

      Excuse me, Does axie do rug pulling?

    • @vanen6496
      @vanen6496 2 роки тому +2

      @@KaKaroTChannel7 no

    • @Lionsgala
      @Lionsgala 2 роки тому

      @@WhiteboardCrypto okay so you said anyone can make a token I know that's true because I made one but took me forever to do it

    • @Lionsgala
      @Lionsgala 2 роки тому

      @@WhiteboardCrypto my question to you is how does a person who doesn't have any money to begin with give a token liquidity and then provide the rest of the tokens for people to trade

  • @barttfisher
    @barttfisher 6 місяців тому +58

    The $44,000 of two years ago buys about 20% less today, so Bitcoin at $44,000 today is worth 80% of a bitcoin two years ago. It would have to get to $50,000 to be equivalent. Bitcoin may or may not be inflation immune, but the dollar that it gets quoted in is not immune to inflation. Still a bargain below $45k, Get it while it's hot. If you missed the 2017, 2021 bull run.

    • @HildaBennet
      @HildaBennet 6 місяців тому

      Always kept an eye on crypto, hesitated due to its volatility despite being a long-term stock investor. Now that it's mainstream, I want in. How can a beginner navigate the crypto space with all these talks of a retrace? i don't want to buy the top.

    • @PennyBergeron-os4ch
      @PennyBergeron-os4ch 6 місяців тому

      You can start by dollar-cost averaging instead of buying a lump sum at once. Also, consult a fiduciary with crypto expertise for informed buying and selling decisions since talks of a bitcoin ETF approval. Time in the market is more valuable than timing it. Using this approach, I grew my crypto holdings from $50k in 2017 to $690k in 2023.

    • @JosephineKenney
      @JosephineKenney 6 місяців тому

      That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this fiduciary??

    • @PennyBergeron-os4ch
      @PennyBergeron-os4ch 6 місяців тому

      “SONYA LEE MITCHELL” is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

    • @JosephineKenney
      @JosephineKenney 6 місяців тому

      I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.

  • @andreajueal8243
    @andreajueal8243 2 роки тому +25

    Most people venture into crypto to be a millionaire, meanwhile, I just want to be debt free

    • @thomasdooley3702
      @thomasdooley3702 2 роки тому +4

      That's very practical and smart goal, a wise man once said do everything you can to get outta debt, one of his tips to getting rich

    • @patienceoluchi5134
      @patienceoluchi5134 2 роки тому

      Just do the right thing, by trading with an expert, I trust me you will be a millionaire and debt free

    • @greggeorge6711
      @greggeorge6711 2 роки тому +1

      Assets that can make you wealthy
      Gold
      Crypto
      Stock
      Real estate

    • @kelvinmcdonald5113
      @kelvinmcdonald5113 2 роки тому

      When you invest in crypto you are buying a day you don't need to work.

    • @stevewilliams760
      @stevewilliams760 2 роки тому

      I'm new to bitcoin trading, how can I go about it or is there anyone you can refer?? 🤔🤔🙏🙏

  • @namonhilaireTonga
    @namonhilaireTonga 3 роки тому +20

    6 months ago I had no idea what Crypto is.
    Now I have $36,000 in BTC and ETH.
    I still have no idea what Crypto is.
    But I have a big hunch. I also need to see a chiropractor

    • @happymoonlin7869
      @happymoonlin7869 3 роки тому

      I'm no longer waiting for the stimulus check
      because I earn $22,000 every 14-16 day's🚀

    • @jameslauretta9068
      @jameslauretta9068 3 роки тому

      That's a lot of cash, please can you explain
      how you make so much cash in 14 days

    • @jameslauretta9068
      @jameslauretta9068 3 роки тому

      Please ma, can you explain to me my
      financial is in a bad situation

    • @Williams-pg2bm
      @Williams-pg2bm 3 роки тому

      @Richard Cross Please how can I be able to reach your
      broker, my income stream is in a mass😪😰

    • @Williams-pg2bm
      @Williams-pg2bm 3 роки тому

      Please any requirement...

  • @rafikvanc
    @rafikvanc 3 роки тому +5

    So grateful that I came accross your videos. No other youtuber will explain topics like you guys. Super awesome and easy to understand.

  • @gearzone2611
    @gearzone2611 3 роки тому +7

    Like the Housing Market collapse and the banking financials meltdown. The sad thing about the crypto rug pull is that it is very minimal in terms of ripple effect.

  • @kaiser6390
    @kaiser6390 Місяць тому

    The community aspect of cryptocurrency is so important; thanks for addressing it.

  • @alextogo8367
    @alextogo8367 3 роки тому +3

    As a crypto investor.. I already know all this stuff. But still look at your videos. Very nicely done.

    • @Damnahh
      @Damnahh 2 роки тому

      How did u learn?

  • @FailOfTheDayBlog
    @FailOfTheDayBlog 2 роки тому +1

    Thanks for this: Strong is a great example: all of a sudden you can't sell it anymore (or they limited it)

  • @night8434
    @night8434 Рік тому +2

    This video is golden and deserves more attention.
    Your channel is simply amazing, congratulations and thank you!

  • @secondstartotheright
    @secondstartotheright 3 роки тому +113

    Squid game was lol. Litecoin was almost one as the creator told the litecoin community that the price was about to pump then the same day he sold 100% of his LTC holdings and a few days later the price dumped.

    • @OwenRhodri
      @OwenRhodri 3 роки тому +5

      In defence of LTC whilst the creator deffo took some profit so that he could live the rest of his life in luxury a lot was also given to the LTC foundation. If it wasn't for this move though LTC would prob be consistently in the top 8 as it has both works well as a store-of-value and has great usage.

    • @secondstartotheright
      @secondstartotheright 3 роки тому +16

      @@OwenRhodri he created the "foundation" to not only doge taxes but also stay out of jail. If he did not create the foundation then LTC would have been a security and that would have been illegal to sell it.

    • @avarice4556
      @avarice4556 3 роки тому

      @@secondstartotheright Can you create tokens or coins that are tied to economies ?

    • @avarice4556
      @avarice4556 3 роки тому

      or stocks...

    • @secondstartotheright
      @secondstartotheright 3 роки тому +2

      @@avarice4556 yes they are called CBDC's. CBDC's can be tied to anything you want pork bellies, gold, frozen concentrated orange juice, s&p 500, or what ever.

  • @vlnow
    @vlnow 3 роки тому +11

    Good simple video. Subbed. So many scams are running now, and so many people getting robbed that regulation is inevitable.

  • @diejavu6990
    @diejavu6990 3 роки тому +22

    Dude, how the f did I understand all that easily! You're great at explaining and to top it off, entertaining!

  • @Willfully_Ignorant
    @Willfully_Ignorant 3 роки тому +13

    If you want to know what a pump and dump is read up on what Frazier Kay did to his fans with his “save the kids token”. You really should have explained how the presale works and how changing the whale code works.

  • @cryptotrend20241
    @cryptotrend20241 Місяць тому

    This is exactly what I needed to understand DeFi better!

  • @Dangerismylife112
    @Dangerismylife112 2 роки тому +3

    Actually so helpful. Not only for investors. But for ppl trying to make a drop and do so in the right manner. How to take the right steps in giving the community some security

  • @erlgr
    @erlgr 3 роки тому

    Wasn't gonna click on this because I already knew about the topic, but the SQUID thing just happened, so why not? Great vid, very well explained

  • @unit0155
    @unit0155 3 роки тому +31

    This was really well done. Thank you. I'm surprised it doesn't have a lot more views.

    • @MrMate8869
      @MrMate8869 3 роки тому +1

      It will soon I bet my bottom BTC

    • @KaKaroTChannel7
      @KaKaroTChannel7 3 роки тому

      Does axie infinity do rug pulling?

  • @doublejay29
    @doublejay29 2 роки тому +1

    Your explanation skills are masterful. Thanks very much for making this.

  • @Jam-ht2ky
    @Jam-ht2ky Рік тому +1

    binge watching all your videos

  • @ervinhoward9806
    @ervinhoward9806 5 місяців тому +1

    Love the art illustrations.

  • @greeny5155
    @greeny5155 3 роки тому +1

    Floki Inu coin got rug pulled twice back during summer. The first one was the inability to sell and then the second time it was a liquidity pull.

    • @spzenza707
      @spzenza707 3 роки тому +2

      And people are hyping it up.

  • @wtr0
    @wtr0 3 роки тому +8

    Nice videos man, hope you get way more subscribers as crypto continues to become mainstream.

    • @WhiteboardCrypto
      @WhiteboardCrypto  3 роки тому

      Thank you! We are appreciative of the support so far.

  • @shanexe
    @shanexe 3 роки тому

    This episode is a must watch

  • @royrex
    @royrex Рік тому +1

    Kasta is a perfect example.

  • @hycePT
    @hycePT 3 роки тому +47

    5 months later, Squid Game happens 😂

  • @b-borg8942
    @b-borg8942 3 роки тому

    I ad a late look on this video, but I find them great and need to share it withe my followers and friends, now!

  • @nanamuha
    @nanamuha 2 роки тому +1

    lovely,why? Simple,undarstandable and friendly explonation👍🏻🤙🏻👌❤❤

  • @mishaigrok9038
    @mishaigrok9038 Рік тому +2

    How exactly they lock liquidity using third-party? Are they using a code or real person?

  • @nickelgamer5806
    @nickelgamer5806 3 роки тому +11

    Once again another great video from y'all! Keep up the good work!

  • @tryabyte
    @tryabyte 3 роки тому +4

    Love the video extremely helpful. Is there any guides you know having more detailed steps in using bscscan or etherscan to check the wallets holding a large percentage?

  • @TheMessanger
    @TheMessanger 3 роки тому +2

    Another great video opening eyes showing the reality of this crypto unregulated dex world!

  • @arleygonzalez6659
    @arleygonzalez6659 Рік тому +1

    This was an amazing video. Thanks to God I’ve not been rug pulled yet. But I could of easily been. I haven’t check much of it.😢

  • @OfficialEddieE
    @OfficialEddieE 2 роки тому +1

    I'm lost. I thought a grandpa could understand this! I'm a grandpa and I'm lost. LOL

  • @x25__
    @x25__ Рік тому +1

    Interesting on Etherscan and BSCScan (4:19), but they're too limited to be really helpful in some important cases.

  • @lifeknow-science9275
    @lifeknow-science9275 2 роки тому +2

    Good job bro 👍👍👍

  • @beatsoara
    @beatsoara 3 роки тому +8

    your drawings are really nice

  • @marcoglg
    @marcoglg 3 роки тому +1

    friend, great video only lacked the subtitle for those who do not understand English very well to be able to see the video without loss of content.

  • @edgardomalonzo657
    @edgardomalonzo657 3 роки тому

    now my grandfather is a crypto expert thanks a lot

  • @osibajobolarinwa2705
    @osibajobolarinwa2705 3 роки тому

    Love this, I need to subscribe asap cuz I'm a noob and I've been scammed several times on some rugpull project, we won't stop trying and I'm sure we'll win someday 💯🚀

  • @AlikaAlitheiA
    @AlikaAlitheiA Рік тому +1

    I get it... but you're NOT making it simple... just watched another 2 min video on the subject... very clear... this video is all over the place.

  • @behrouz6625
    @behrouz6625 Рік тому +2

    It is sad how the titles "investor" and "gambler" can be used interchangeably these days smh

  • @Shawnny02
    @Shawnny02 2 роки тому +1

    I made over $100k on Safemoon last year, lucky I cashed out before it started dumping

  • @khalid758
    @khalid758 3 роки тому +7

    Man! I dont think i saw a vid that explained like this! Thanks. By the way, this shows thay we need projects like quantstamp for smart contracts auditing.. Wyt?

    • @WhiteboardCrypto
      @WhiteboardCrypto  3 роки тому +5

      Yes, auditors play a big role in make sure a project is safe for investors but remember to always do your own research as we've seen projects rug pulled even after an audit.

  • @lisas5913
    @lisas5913 2 роки тому +1

    Great info!

  • @CryptoMLan
    @CryptoMLan 3 роки тому

    I learn a lot from you whiteboard crypto. Thanks. If any chance in the future you make your own coins or token. If thats happen i definitely buy and hold.

  • @viswanathanmuthu2066
    @viswanathanmuthu2066 3 роки тому

    U deserve more subs. Good informative videos, new subscribers

  • @nikbinaz
    @nikbinaz 3 роки тому +1

    Hey man, love your videos! I have one suggestion and please don't take it the wrong way. Thre vignette effect in the corners is kind of distracting in my opinion. Could you dial it down a bit?
    Otherwise, top notch videos. 🤌🏻

  • @Dota2OG
    @Dota2OG 2 роки тому

    this channel has helped me so much

  • @ericwichman-ngau6995
    @ericwichman-ngau6995 3 роки тому +1

    Keep up videos watching and
    Knowledge sharing

  • @sherrellsprowls7804
    @sherrellsprowls7804 3 роки тому +22

    Nice content. To me, trading the forex and crypto market is way better than any online investment💯

    • @chrissain1395
      @chrissain1395 3 роки тому +1

      Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating

    • @Kokoben1
      @Kokoben1 3 роки тому +1

      @@chrissain1395 I will advise you to try expert Mrs Bridget's trading services..... She's the best

    • @Kokoben1
      @Kokoben1 3 роки тому +1

      🏐🏐🏐
      +𝟭𝟰𝟮𝟰𝟮𝟮𝟲𝟲𝟮𝟱𝟳

    • @Kokoben1
      @Kokoben1 3 роки тому +1

      Tell her i referred you 👆 👆

    • @michaeltaylor6168
      @michaeltaylor6168 3 роки тому +1

      @@Kokoben1 Wow you really know expert Bridget...? I'm a living testimony of expert Bridget, she has been trading for me for months now

  • @nomad3467
    @nomad3467 3 роки тому

    I think you are Einstein's son…😎Im here again..watching your videos on the way to work👏🏼👏🏼👏🏼👏🏼👏🏼Top Channel !!!

  • @nagtrending
    @nagtrending 3 роки тому +1

    I love this channel! New subscriber here.

  • @LRPMQLRPC
    @LRPMQLRPC 3 роки тому +4

    And another great video :)

  • @ozkanserbest2163
    @ozkanserbest2163 2 роки тому

    Oh, thank you. Now i figured out how to rugpull...

  • @philo441
    @philo441 3 роки тому

    4th. They only allow buyers to sell a very small portion only once. Then new investors will also test the water, then fall into a sink hole when they invest more.

  • @jamesmosquera8375
    @jamesmosquera8375 3 роки тому

    Awesome Content! I immediately subscribed after watching this video.. Keep it Up!

  • @kramnedski1988
    @kramnedski1988 3 роки тому

    Glad I came across your video. This is incredibly informative. Thank you

  • @junkoplasto
    @junkoplasto 2 роки тому +1

    Is there a website that would show the probability of a coin being a scam or not?

  • @OmegaHilip
    @OmegaHilip 3 роки тому +3

    Subbed. Pls don’t rug pull the good content 🥲

  • @hirokulot8965
    @hirokulot8965 2 роки тому +1

    thanks man very informative content, Is AI trading possible ? cuz mercor finance is doing such thing and they earn thou

  • @kissempire
    @kissempire 3 роки тому +1

    Thank you, awesome as always :)

  • @Shermanwaco
    @Shermanwaco 2 роки тому

    I really find your video informative. But I find myself with some serious questions at the end of a lot of them.. I know it’s not your job to tells us everything but things like how long should you leave your coin in or how can you stay on top of a falling value so as not to liquidated but other than that great videos and thank you for the help and it’s been a big help thank you thank you

  • @ronkadero
    @ronkadero 3 роки тому

    The same thing with stocks that are new. They pump up, then go down and never recover.

  • @0xchunchunmaru
    @0xchunchunmaru 3 роки тому +2

    Damn.. I was watching a bunch of your vids then I decided to subscribe since your content is so good. I THOUGHT YOU HAD A MILLION SUBSCRIBERS WITH THE LEVEL OF CONTENT THAT YOU'RE PUTTING UP. One of the most underrated channels in yt hands down. I'll give a like for every vid I watch. Keep uploading!!

  • @maxhunter3574
    @maxhunter3574 2 роки тому +1

    Is there a way to tell if the coins get locked?

  • @OMGTheKID
    @OMGTheKID 3 роки тому

    Crazy explanation just crazyy A1!!!!!!!!!!!!!!!

  • @thebusinessman2936
    @thebusinessman2936 2 роки тому +1

    Great

  • @cxhelencxhelok4542
    @cxhelencxhelok4542 2 роки тому +1

    i got my lesson .. no more mr nice guy!! i need to make a token hehe

  • @thomasnorris7285
    @thomasnorris7285 2 роки тому +133

    The stock market has been a really tough one this past months, but I watched an interview on CNBC where the anchor kept mentioning "...SOFIA RYAN...". This prompted me to get in touch with her, and from October 2021 till now we have been working together, and I can now boast of $540k in my trading portfolio.

    • @jamesmarcus4105
      @jamesmarcus4105 2 роки тому

      I earned more this year because I have been investing while working at the same time. I invested through Sofia Ryan , same woman that the anchor kept mentioning on CNBC, and made multiple of my start up capital within three months . She lives here in the USA and she is licensed

    • @jamesmarcus4105
      @jamesmarcus4105 2 роки тому

      № ±①③⑥①⑤⑧⑨⑤ⓞ⑨①

    • @jamesmarcus4105
      @jamesmarcus4105 2 роки тому

      @Shannon Berry Wʜᴀᴛsᴀᴘᴘ hᴇr

    • @williamadams2361
      @williamadams2361 2 роки тому

      2017 Really was a crazy year for bitcoin, I'm used to the market drama.Quiet a good context and a good T/A you recommended there. I had an encounter with Mrs Sofia Ryan in 2019 and till date.

    • @craigpotter1262
      @craigpotter1262 2 роки тому

      I see more to this, than just buying crypto, my mentor also made mention that to me. More jobs are required is required.

  • @lifethrownoutofthewindow
    @lifethrownoutofthewindow 3 роки тому +3

    Titan entered the chat

  • @dividendkng
    @dividendkng 2 роки тому +1

    SO are developers not allowed to sell any of their coins? Are they allowed to only sell portions of their personal coins? How do developers make money?

  • @Biopolymath
    @Biopolymath 2 роки тому +1

    Some source name the situation of investors not being able to sell their tokens as "honeypots"

  • @judesamuelm
    @judesamuelm 3 роки тому

    Dude , THANK YOU

  • @devashishdey2579
    @devashishdey2579 3 роки тому

    thanks for this valueable video I learn a lot.

  • @stephano714
    @stephano714 2 роки тому

    ANOTHER GREAT VIDEO THANKS BRO

  • @miguelzaballero8380
    @miguelzaballero8380 3 роки тому +1

    Hi im starting in my crypto journey, can you give me a list of videos I need to watch step by step. Its really cofusing to watch different videos randomly.

  • @MS-ic8lj
    @MS-ic8lj 3 роки тому +2

    Thank you for doing this👍

  • @the_crypto_channel
    @the_crypto_channel 2 роки тому

    Thank you!

  • @Creed12able1
    @Creed12able1 3 роки тому

    Example are PVU - Plant vs Undead so many invest that game and within 2 months the tokens goes down.

  • @peaceful4you408
    @peaceful4you408 2 роки тому

    So how do you tell the difference from a rug pull and if the crypto market has legitimately gone down decreasing your returns?

  • @darkmysteries2821
    @darkmysteries2821 3 роки тому

    I have invested into ice dao, now I am a bit worried after reading this. I might pull out of that and invest more in time.
    Has anyone joined the ice dao here?

  • @beastmode39
    @beastmode39 3 роки тому +1

    Damn. This is like a videographics on Cryptoblades.

    • @ike_yt
      @ike_yt 3 роки тому

      indeed, that's what I thought on the 2nd demographic

  • @HeberTisdale
    @HeberTisdale 18 днів тому

    Thanks for sharing such valuable information! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?

  • @augustybarratabulado4545
    @augustybarratabulado4545 2 роки тому

    I think this is happening in axie infinity and I learned my lesson in a expensive way.

  • @carlosp6787
    @carlosp6787 3 роки тому

    This is the vibe I get from etherlite

  • @shaneloco5329
    @shaneloco5329 2 роки тому +1

    Dam feel sorry for who ever put thousands into a rug pull scam.

  • @d.l.565
    @d.l.565 3 роки тому +1

    How about soft rugpull like CB?

  • @firststepinvestment3323
    @firststepinvestment3323 2 роки тому

    Very interesting 👏🏻

  • @sewiim3612
    @sewiim3612 2 роки тому +1

    What if i had sell position?

  • @DNL82
    @DNL82 3 роки тому

    Thanks for sharing. 👍

  • @bpmotion
    @bpmotion 8 місяців тому +1

    Look up the classic live rug pull of squid game crypto, lol.

  • @dakotamckinley4584
    @dakotamckinley4584 3 роки тому

    This is why the crypto market is still under rated

  • @phil5073
    @phil5073 3 роки тому

    Axie Infinity is now introducing new token named "WRON". And you can farm the WRON token if you provide valuable assets in their Liquidity Pool via Katana.

  • @thippesh
    @thippesh 3 роки тому

    Excellent video but which app are you using?

  • @didoaldo
    @didoaldo 3 роки тому +1

    Just came here because crypto market down really bad

  • @paullockyer7905
    @paullockyer7905 2 роки тому

    What do you think of anonymous developers? Could they be known developers who don’t want the public to know they are associated with a new project for fear it would effect the credibility of another project?

  • @bappy2453
    @bappy2453 3 роки тому

    Please make a detaild long video, how to avoid rug pull?

  • @tydlth
    @tydlth 3 роки тому

    great Video!
    So guys is KISHIMOTO INU candidate for a rug pull ?