Quote from: Yaunfitda on May 26, 2022, 09:27:08 PM

Quote from: TreyARC on May 26, 2022, 08:08:33 AM

How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.

We really can't tell, and since we are in a bear market, maybe there will be projects who thinks that they can't make money out of this cycle so much better if they will rug pull and disappear with investors money.

And probably this is will continue, as Luna has set a precedence, and this whole Defi thingy will most likely be the next one to rug pull. So the lesson is just to be very careful right now of our hard earn money specially investing in new projects.

Just like what you said, things are still going. Luna is just the one who started it and it won't stop there. On May 25th, the price of YFII token was unexpectedly heavily dumped, the price dropped from 1,200 to as low as $320 in just 15 minutes, or 74% of the value. Lots of predictions DFI's team decided to rugbull and leave their project.

We are having bad days in the market, best stay away from new projects, focus more on bitcoin and top altcoins to avoid painful losses.