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submitted 1 week ago by neme@lemm.ee to c/entertainment@lemm.ee
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[-] rayquetzalcoatl@lemmy.world 8 points 1 week ago

A rug pull is when for example one of these influencers markets and promotes a crypto, "pumping" the value up because people invest, and then immediately sells or "dumps" their share (usually a significant amount) as soon as possible, causing the value to plummet and leaving the other investors holding the bag.

It's not to do with her fame not lasting, although I agree anybody with half a brain didn't invest in this obvious scam lol

this post was submitted on 05 Dec 2024
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