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

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  • Опубликовано: 30 ноя 2024

Комментарии • 532

  • @hanzo002
    @hanzo002 3 года назад +98

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

  • @andreajueal8243
    @andreajueal8243 2 года назад +26

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

    • @thomasdooley3702
      @thomasdooley3702 2 года назад +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 года назад

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

    • @greggeorge6711
      @greggeorge6711 2 года назад +1

      Assets that can make you wealthy
      Gold
      Crypto
      Stock
      Real estate

    • @kelvinmcdonald5113
      @kelvinmcdonald5113 2 года назад

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

    • @stevewilliams760
      @stevewilliams760 2 года назад

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

  • @barttfisher
    @barttfisher 6 месяцев назад +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 6 месяцев назад

      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 месяцев назад

      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 месяцев назад

      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 месяцев назад

      “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 месяцев назад

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

  • @DallasCowboyFan95
    @DallasCowboyFan95 3 года назад +155

    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 года назад +19

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

    • @KaKaroTChannel7
      @KaKaroTChannel7 3 года назад

      Excuse me, Does axie do rug pulling?

    • @vanen6496
      @vanen6496 3 года назад +2

      @@KaKaroTChannel7 no

    • @Lionsgala
      @Lionsgala 2 года назад

      @@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 года назад

      @@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

  • @namonhilaireTonga
    @namonhilaireTonga 3 года назад +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 года назад

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

    • @jameslauretta9068
      @jameslauretta9068 3 года назад

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

    • @jameslauretta9068
      @jameslauretta9068 3 года назад

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

    • @Williams-pg2bm
      @Williams-pg2bm 3 года назад

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

    • @Williams-pg2bm
      @Williams-pg2bm 3 года назад

      Please any requirement...

  • @secondstartotheright
    @secondstartotheright 3 года назад +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 года назад +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 года назад +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 года назад

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

    • @avarice4556
      @avarice4556 3 года назад

      or stocks...

    • @secondstartotheright
      @secondstartotheright 3 года назад +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.

  • @FailOfTheDayBlog
    @FailOfTheDayBlog 2 года назад +1

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

  • @gearzone2611
    @gearzone2611 3 года назад +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.

  • @rafikvanc
    @rafikvanc 3 года назад +5

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

  • @night8434
    @night8434 Год назад +2

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

  • @kaiser6390
    @kaiser6390 Месяц назад

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

  • @alextogo8367
    @alextogo8367 3 года назад +3

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

    • @Damnahh
      @Damnahh 2 года назад

      How did u learn?

  • @Dangerismylife112
    @Dangerismylife112 2 года назад +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

  • @doublejay29
    @doublejay29 2 года назад +1

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

  • @Willfully_Ignorant
    @Willfully_Ignorant 3 года назад +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.

  • @Jam-ht2ky
    @Jam-ht2ky Год назад +1

    binge watching all your videos

  • @ervinhoward9806
    @ervinhoward9806 5 месяцев назад +1

    Love the art illustrations.

  • @vlnow
    @vlnow 3 года назад +11

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

  • @unit0155
    @unit0155 3 года назад +31

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

    • @MrMate8869
      @MrMate8869 3 года назад +1

      It will soon I bet my bottom BTC

    • @KaKaroTChannel7
      @KaKaroTChannel7 3 года назад

      Does axie infinity do rug pulling?

  • @cryptotrend20241
    @cryptotrend20241 Месяц назад

    This is exactly what I needed to understand DeFi better!

  • @mishaigrok9038
    @mishaigrok9038 Год назад +2

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

  • @diejavu6990
    @diejavu6990 3 года назад +23

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

  • @hycePT
    @hycePT 3 года назад +47

    5 months later, Squid Game happens 😂

  • @x25__
    @x25__ Год назад +1

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

  • @beatsoara
    @beatsoara 3 года назад +8

    your drawings are really nice

  • @Shawnny02
    @Shawnny02 2 года назад +1

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

  • @royrex
    @royrex Год назад +1

    Kasta is a perfect example.

  • @OfficialEddieE
    @OfficialEddieE 2 года назад +1

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

  • @nanamuha
    @nanamuha 2 года назад +1

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

  • @greeny5155
    @greeny5155 3 года назад +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 года назад +2

      And people are hyping it up.

  • @shanexe
    @shanexe 3 года назад

    This episode is a must watch

  • @behrouz6625
    @behrouz6625 Год назад +2

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

  • @junkoplasto
    @junkoplasto 2 года назад +1

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

  • @AlikaAlitheiA
    @AlikaAlitheiA Год назад +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.

  • @lifeknow-science9275
    @lifeknow-science9275 2 года назад +2

    Good job bro 👍👍👍

  • @arleygonzalez6659
    @arleygonzalez6659 Год назад +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.😢

  • @erlgr
    @erlgr 3 года назад

    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

  • @wtr0
    @wtr0 3 года назад +8

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

    • @WhiteboardCrypto
      @WhiteboardCrypto  3 года назад

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

  • @ericwichman-ngau6995
    @ericwichman-ngau6995 3 года назад +1

    Keep up videos watching and
    Knowledge sharing

  • @b-borg8942
    @b-borg8942 3 года назад

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

  • @bpmotion
    @bpmotion 8 месяцев назад +1

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

  • @Dota2OG
    @Dota2OG 2 года назад

    this channel has helped me so much

  • @sherrellsprowls7804
    @sherrellsprowls7804 3 года назад +22

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

    • @chrissain1395
      @chrissain1395 3 года назад +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 года назад +1

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

    • @Kokoben1
      @Kokoben1 3 года назад +1

      🏐🏐🏐
      +𝟭𝟰𝟮𝟰𝟮𝟮𝟲𝟲𝟮𝟱𝟳

    • @Kokoben1
      @Kokoben1 3 года назад +1

      Tell her i referred you 👆 👆

    • @michaeltaylor6168
      @michaeltaylor6168 3 года назад +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

  • @hirokulot8965
    @hirokulot8965 2 года назад +1

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

  • @maxhunter3574
    @maxhunter3574 2 года назад +1

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

  • @Biopolymath
    @Biopolymath 2 года назад +1

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

  • @osibajobolarinwa2705
    @osibajobolarinwa2705 3 года назад

    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 💯🚀

  • @lisas5913
    @lisas5913 2 года назад +1

    Great info!

  • @khalid758
    @khalid758 3 года назад +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 года назад +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.

  • @juanbowman3874
    @juanbowman3874 2 года назад +15

    Investing in bitcoin is the best investment anyone can do this, because it has made a lot of people millionaire. I pray that anyone who reads this will be successful in life

    • @opiriexcel1191
      @opiriexcel1191 2 года назад

      Bitcoin is the most profitable investment online if only you trade with a professional broker

    • @opiriexcel1191
      @opiriexcel1191 2 года назад

      I'm really tired of trading on my own and blowing up my account, I'm real interested in trading forex this year because the shape the stock market is take place

    • @stallarose658
      @stallarose658 2 года назад

      I'm also getting into forex trading because a friend of mine told me that's forex trading is the best now to invest, well i have Bitcoin worth of $19,000 on my edge wallet

    • @stallarose658
      @stallarose658 2 года назад

      How do i get a professional broker i have been wasting my time trading on my own and blowing up my account

    • @martinswayne6168
      @martinswayne6168 2 года назад

      This is the great time to purchase and invest in bitcoin, most now that forex market is over all form of investment online

  • @sewiim3612
    @sewiim3612 2 года назад +1

    What if i had sell position?

  • @viswanathanmuthu2066
    @viswanathanmuthu2066 3 года назад

    U deserve more subs. Good informative videos, new subscribers

  • @TheMessanger
    @TheMessanger 3 года назад +2

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

  • @CryptoMLan
    @CryptoMLan 3 года назад

    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.

  • @marcoglg
    @marcoglg 3 года назад +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.

  • @nickelgamer5806
    @nickelgamer5806 3 года назад +11

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

  • @d.l.565
    @d.l.565 3 года назад +1

    How about soft rugpull like CB?

  • @tryabyte
    @tryabyte 3 года назад +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?

  • @dividendkng
    @dividendkng 2 года назад +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?

  • @edgardomalonzo657
    @edgardomalonzo657 3 года назад

    now my grandfather is a crypto expert thanks a lot

  • @thippesh
    @thippesh 3 года назад

    Excellent video but which app are you using?

  • @nagtrending
    @nagtrending 3 года назад +1

    I love this channel! New subscriber here.

  • @stephano714
    @stephano714 2 года назад

    ANOTHER GREAT VIDEO THANKS BRO

  • @LRPMQLRPC
    @LRPMQLRPC 3 года назад +4

    And another great video :)

  • @OmegaHilip
    @OmegaHilip 3 года назад +3

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

  • @ozkanserbest2163
    @ozkanserbest2163 2 года назад

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

  • @HeberTisdale
    @HeberTisdale 20 дней назад

    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?

  • @nikbinaz
    @nikbinaz 3 года назад +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. 🤌🏻

  • @kissempire
    @kissempire 3 года назад +1

    Thank you, awesome as always :)

  • @didoaldo
    @didoaldo 3 года назад +1

    Just came here because crypto market down really bad

  • @cxhelencxhelok4542
    @cxhelencxhelok4542 2 года назад +1

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

  • @philo441
    @philo441 3 года назад

    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 года назад

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

  • @MS-ic8lj
    @MS-ic8lj 3 года назад +2

    Thank you for doing this👍

  • @shaneloco5329
    @shaneloco5329 2 года назад +1

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

  • @paullockyer7905
    @paullockyer7905 2 года назад

    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?

  • @OMGTheKID
    @OMGTheKID 3 года назад

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

  • @bappy2453
    @bappy2453 3 года назад

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

  • @iloverapkc
    @iloverapkc 3 года назад

    Wats ur thought on vvs finance?

  • @firststepinvestment3323
    @firststepinvestment3323 2 года назад

    Very interesting 👏🏻

  • @justinjaydiaz
    @justinjaydiaz 3 года назад +1

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

  • @kramnedski1988
    @kramnedski1988 3 года назад

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

  • @rokrok27
    @rokrok27 2 года назад +1

    Bro how did this channel get 697k subs in. A year

  • @miguelzaballero8380
    @miguelzaballero8380 3 года назад +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.

  • @peaceful4you408
    @peaceful4you408 2 года назад

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

  • @ronkadero
    @ronkadero 3 года назад

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

  • @ZackAI6120
    @ZackAI6120 2 года назад +1

    I dont understand how a rug pull can occur with nfts.?..

  • @0xchunchunmaru
    @0xchunchunmaru 3 года назад +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!!

  • @britney_david
    @britney_david Год назад +6

    It's has been so difficult for me trading on my own because i have had much losses.Think the real market is manipulated, please can anyone help me out or tell me what I'm doing wrong.

  • @devashishdey2579
    @devashishdey2579 3 года назад

    thanks for this valueable video I learn a lot.

  • @tydlth
    @tydlth 3 года назад

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

  • @DNL82
    @DNL82 3 года назад

    Thanks for sharing. 👍

  • @nomad3467
    @nomad3467 3 года назад

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

  • @Creed12able1
    @Creed12able1 3 года назад

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

  • @augustybarratabulado4545
    @augustybarratabulado4545 2 года назад

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

  • @raindropdrizzlearchives1536
    @raindropdrizzlearchives1536 9 месяцев назад

    but what if the null address owns all the supply?

  • @Shermanwaco
    @Shermanwaco 2 года назад

    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

  • @darkmysteries2821
    @darkmysteries2821 3 года назад

    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?

  • @mrgreen1252
    @mrgreen1252 3 года назад +1

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

  • @judesamuelm
    @judesamuelm 3 года назад

    Dude , THANK YOU