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

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  • Опубліковано 11 січ 2025

КОМЕНТАРІ • 565

  • @gamerzsshorts2858
    @gamerzsshorts2858 13 днів тому +215

    *Quick Rico Tech* on the web I would like to sincerely thank you from the bottom of my heart! So many from tough harsh living conditions that suffer and you helping and giving them something that they desperately need just to survive. I thank God for wonderful people like you that are making the differences that truly matter most! God Bless you Love from Greenville NC.

  • @DallasCowboyFan95
    @DallasCowboyFan95 3 роки тому +158

    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 3 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

  • @hanzo002
    @hanzo002 3 роки тому +100

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

  • @mihirkumar5428
    @mihirkumar5428 13 днів тому +200

    Awesome work, Team *Skillful Recovery Tech* ! It's so satisfying to see you putting in the effort to stop those shady characters. Protecting the public, especially the elderly, from those despicable con artists is crucial. You truly deserve recognition and appreciation for keeping us secure and for the recovering my lost 0.2 btc. I'm thrilled for you because you're my sibling. Your accomplishments definitely make you a strong contender for the Nobel Peace Prize. Keep up the outstanding performance

  • @ChetanBanjara-ec6xq
    @ChetanBanjara-ec6xq 13 днів тому +211

    *Quick Rico Tech* , I genuinely appreciate your dedication to helping people who’ve fallen victim to these scams. Recovering lost funds can seem impossible, but seeing the positive outcomes and real stories here gives hope to so many. Keep up the incredible work!

  • @night8434
    @night8434 Рік тому +3

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

  • @barttfisher
    @barttfisher 7 місяців тому +59

    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 7 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 7 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 7 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 7 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 7 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 +28

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

    • @thomasdooley3702
      @thomasdooley3702 2 роки тому +2

      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?? 🤔🤔🙏🙏

  • @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.

  • @diejavu6990
    @diejavu6990 3 роки тому +24

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

  • @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...

  • @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?

  • @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.

  • @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.

  • @Dangerismylife112
    @Dangerismylife112 3 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

  • @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.

    • @Hayde-wn
      @Hayde-wn 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)

  • @cryptoking24
    @cryptoking24 3 місяці тому

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

  • @doublejay29
    @doublejay29 2 роки тому +1

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

  • @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.

  • @jam_4769
    @jam_4769 Рік тому +1

    binge watching all your videos

  • @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 +17

      @@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.

  • @cryptotrend20241
    @cryptotrend20241 3 місяці тому

    This is exactly what I needed to understand DeFi better!

  • @Willfully_Ignorant
    @Willfully_Ignorant 3 роки тому +14

    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.

  • @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

  • @ervinhoward9806
    @ervinhoward9806 7 місяців тому +1

    Love the art illustrations.

  • @nanamuha
    @nanamuha 2 роки тому +1

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

  • @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.

  • @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.

  • @hycePT
    @hycePT 3 роки тому +46

    5 months later, Squid Game happens 😂

  • @AlikaAlitheiA
    @AlikaAlitheiA Рік тому +6

    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.

    • @BobbyEllaForever
      @BobbyEllaForever Місяць тому +2

      I don’t get it. Apparently I have to watch 5 previous videos to understand this one.

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

    Good job bro 👍👍👍

  • @mishaigrok9038
    @mishaigrok9038 Рік тому +2

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

  • @shanexe
    @shanexe 3 роки тому

    This episode is a must watch

  • @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!

  • @beatsoara
    @beatsoara 3 роки тому +8

    your drawings are really nice

  • @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.😢

  • @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!!

  • @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?

  • @LRPMQLRPC
    @LRPMQLRPC 3 роки тому +4

    And another great video :)

  • @royrex
    @royrex Рік тому +1

    Kasta is a perfect example.

  • @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

  • @viswanathanmuthu2066
    @viswanathanmuthu2066 3 роки тому

    U deserve more subs. Good informative videos, new subscribers

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

    Keep up videos watching and
    Knowledge sharing

  • @jamesmosquera8375
    @jamesmosquera8375 3 роки тому

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

  • @Dota2OG
    @Dota2OG 3 роки тому

    this channel has helped me so much

  • @lisas5913
    @lisas5913 2 роки тому +1

    Great info!

  • @kramnedski1988
    @kramnedski1988 3 роки тому

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

  • @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 💯🚀

  • @junkoplasto
    @junkoplasto 2 роки тому +1

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

  • @kissempire
    @kissempire 3 роки тому +1

    Thank you, awesome as always :)

  • @HeberTisdale
    @HeberTisdale 2 місяці 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?

  • @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.

  • @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.

  • @maxhunter3574
    @maxhunter3574 2 роки тому +1

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

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

    How about soft rugpull like CB?

  • @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.

  • @blake..-
    @blake..- Місяць тому +9

    Here after the hock tuah coin

  • @elizabethroberts-n4q
    @elizabethroberts-n4q Місяць тому

    Very informative, thanks! I have a question: I have the OKX Wallet with USDT, and I have the seed phrase. (job priority warm lab border boil monkey manage palace fiber weird ask). How do I move them to Binance?

  • @dividendkng
    @dividendkng 3 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?

  • @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

  • @edgardomalonzo657
    @edgardomalonzo657 3 роки тому

    now my grandfather is a crypto expert thanks a lot

  • @TheMessanger
    @TheMessanger 3 роки тому +2

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

  • @nagtrending
    @nagtrending 3 роки тому +1

    I love this channel! New subscriber here.

  • @ozkanserbest2163
    @ozkanserbest2163 2 роки тому

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

  • @Shawnny02
    @Shawnny02 2 роки тому +1

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

  • @Youssef-ci9ce
    @Youssef-ci9ce 3 роки тому

    I pay a lot of attention thanks to this video,
    Guys, what do you think about REALM, in etherscan the First holder has more than 90% of the tokens, it is a void wallet or a real person ?

  • @Shermanwaco
    @Shermanwaco 3 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

  • @firststepinvestment3323
    @firststepinvestment3323 2 роки тому

    Very interesting 👏🏻

  • @sewiim3612
    @sewiim3612 2 роки тому +1

    What if i had sell position?

  • @underdogg8240
    @underdogg8240 3 роки тому

    Just so I understand this correct - Burning sends tokens to an address that noone has access to - what about the person or network sending the tokens? Don´t they technically have the address to where the tokens are sent? Just a thought (still new to the crypto world)

  • @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. 🤌🏻

  • @stephano714
    @stephano714 3 роки тому

    ANOTHER GREAT VIDEO THANKS BRO

  • @Biopolymath
    @Biopolymath 2 роки тому +1

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

  • @OMGTheKID
    @OMGTheKID 3 роки тому

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

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

    Thank you for doing this👍

  • @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 !!!

  • @cxhelencxhelok4542
    @cxhelencxhelok4542 2 роки тому +1

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

  • @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.

  • @devashishdey2579
    @devashishdey2579 3 роки тому

    thanks for this valueable video I learn a lot.

  • @thippesh
    @thippesh 3 роки тому

    Excellent video but which app are you using?

  • @DNL82
    @DNL82 3 роки тому

    Thanks for sharing. 👍

  • @paullockyer7905
    @paullockyer7905 3 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?

  • @mrgreen1252
    @mrgreen1252 3 роки тому +1

    Pls.make a review of Cyberfm token..there price are different in exchanges ang defi wallets

  • @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

  • @tydlth
    @tydlth 3 роки тому

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

  • @OmegaHilip
    @OmegaHilip 3 роки тому +3

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

  • @DyaHitzen
    @DyaHitzen 16 днів тому

    wait, i got a genuine question: what if you rug but as a dev you still keep running the project to rise its value and holders, technically you decided to stay along, is it still a rug?

  • @ivoryfritzsemana2068
    @ivoryfritzsemana2068 3 роки тому

    Great video! Anyway, have you hear about OGL? I heard people are talking about it. I'm kinda curious about it. I will be glad if you share your thoughts about it.

  • @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.

  • @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?

  • @raindropdrizzlearchives1536
    @raindropdrizzlearchives1536 11 місяців тому

    but what if the null address owns all the supply?

  • @iloverapkc
    @iloverapkc 3 роки тому

    Wats ur thought on vvs finance?

  • @peaceful4you408
    @peaceful4you408 3 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?

  • @jefflumbao
    @jefflumbao 3 роки тому

    How about slp? Can you share your thoughts about it.
    Thanks from philippines

    • @ririririri9339
      @ririririri9339 3 роки тому

      no rugpull will ever happen with that. it has lost its peak already.

  • @justinjaydiaz
    @justinjaydiaz 3 роки тому +1

    Is Dogelonmars a rugpull? Since it limits or not allow you to sell your coin that you bought?

  • @Agentx-jo8bv
    @Agentx-jo8bv 3 роки тому

    New sub. Here great vid hope i watch this before i invest in cryptoblades

  • @Beliefish
    @Beliefish 3 роки тому

    if bitcoin tokens are isued by one person, who just gives them in circulation slowly (visa some kind of mining scheme), how can you know the original issuer of bitcoin isnt the richest person on earth?

  • @martinresiak8667
    @martinresiak8667 3 роки тому

    @whiteboardcrypto Can you please analyze Rocky Inu? :)

  • @1minhaz1ahmed
    @1minhaz1ahmed 3 роки тому

    Subscribed ! And here after squid 🐙.....