ilmscore | Rug Pulls Are Back – How to Stay Safe in 2025

Rug Pulls Are Back – How to Stay Safe in 2025

Published: 2024-01-14
Status: Available | Analyzed

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
In 2021, crypto rug pulls resulted in over $2.8 billion in illicit activity.
"crypto rug pools were responsible for more than $2.8 billion in illicit activity in 2021 alone"
Crypto Rug Pulls
Pending
Bitconnect's token price crashed by 92% and its founders absconded with over $2 billion in investor funds.
"The bitconnect token price to Crash by 92% bitconnect's Founders had runoff with more than $2 billion doar of investors funds"
Crypto Rug Pulls
Pending
Tokens listed only on decentralized exchanges (DEXs) like Uniswap, without listing criteria, should be approached with caution as it can be a red flag.
"if you can't find the token on any reputable exchange that could be a red flag for instance if it's only listed on a DEX like Uniswap you should proceed with caution as they don't have any listing criteria or requirements"
Token Listing on Exchanges
Pending
Projects undergoing code audits are a good sign, indicating a likely higher standard of security and legitimacy.
"has the Project's code been audited"
Token Audits
Pending
Tokens promising high returns carry a significant risk of total loss.
"tokens that promise High returns but could just as easily leave you wrecked"
High-Yield Tokens
Pending
Diversify crypto investments by including safer, large-cap assets like BTC and ETH to balance higher-risk, smaller-cap tokens.
"it's always wise to spread your bets and have a range of assets in your portfolio large market cap coins like BTC and eth are on the safer end of the crypto investment Spectrum These can help counterbalance higher risk Investments among smaller cap tokens"
Crypto Portfolio Diversification
Pending
Due to crypto's volatility and lack of regulation, it's advisable to allocate only a portion of total wealth to crypto and diversify across other sectors like real estate, stocks, and bonds.
"determine how much of your wealth you want to invest in crypto overall The sector is new volatile and still largely unregulated so it might be wise to spread your Investments across a range of sectors including things like real estate stocks bonds and so on as well as crypto"
Crypto Investment Allocation
Pending
Utilize stop-loss orders on exchanges to mitigate losses from declining investment values.
"always ensure that you reduce the impact of your Investments dropping in value by using stop losses on exchanges"
Stop-Loss Orders
Pending