Parasitic Rug Pull

When you buy a BSC token thinking you'll become the next crypto millionaire but then the dev(s) slowly over time drain the asset and sell it off on an exchange or on Pancakeswap for a more valuable asset or stable coin such as Bitcoin, BNB or BUSD leaving you with a worthless token.

*dev or mod shilling coin on Facebook group from alt account

"hey group check out this token called Supremium, if you buy it at 0.0000005 you'll be rich when this token 100x within a year"
*Investors join and devs slowly dump all their coins on you and take that sweet BNB, BTC or BUSD

Leaving you with a ton of tokens and zero to no purchasing power (i.e parasitic rug pull)

俚语	parasitic rug pull
释义	Parasitic Rug Pull When you buy a BSC token thinking you'll become the next crypto millionaire but then the dev(s) slowly over time drain the asset and sell it off on an exchange or on Pancakeswap for a more valuable asset or stable coin such as Bitcoin, BNB or BUSD leaving you with a worthless token. dev or mod shilling coin on Facebook group from alt account "hey group check out this token called Supremium, if you buy it at 0.0000005 you'll be rich when this token 100x within a year" Investors join and devs slowly dump all their coins on you and take that sweet BNB, BTC or BUSD Leaving you with a ton of tokens and zero to no purchasing power (i.e parasitic rug pull)
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