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Unraveling the Rug: The Dark Side of Crypto
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Unraveling the Rug: The Dark Side of Crypto
What is a crypto rug pull?Lately, many high-profile public figures have been involved in crypto scandals. Hailey Welch, also known as the “Hawk Tuah Girl”, launched the much-anticipated $HAWK meme coin on the Solana blockchain platform on December 4th, but within minutes of its debut, its value collapsed by over 93%. Two weeks later, Chinese online dissident “Teacher Li” launched $Li, but its value dropped by 80% within the same day. The trend s…
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