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Pump lets anyone create coins, giving everyone equal access to buy and sell from the start. Prices can move quickly, so trade carefully.
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Mayhem trades
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Mayhem mode has ended, either the 24-hour window expired or the SOL reserves were depleted.
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What is a rug pull? A rug pull is a form of financial fraud in which a team abruptly abandons a project and disappears with investors’ funds. This type of scam is rife in the digital-asset market. Every year users lose millions of dollars in cryptocurrencies to wrongdoers. Scammers often execute their schemes in the DeFi ecosystem, especially on decentralised exchanges (DEX), where it is easy to promote a token for a “pump”. Rug pulls thrive on DEXs because the platforms allow coins to be listed for free and without the mandatory audits typically required for listings on CEX. The process of creating coins via smart contracts on Ethereum or Solana requires little technical know-how—something scammers readily exploit.