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.
It was the fact that not all crypto projects will dare to survive along with the tough market competition, many will give up and become an exit scam, like Terra Luna.
ICO, IEO, NFT, metaverses...many of them are become worthless after a month, a year on their launch. Well, it is sad to say that as the market grow fast, many people were also trying to take advantage of the market to set a scam plan. Countless projects have died already but still, a lot more are coming. It was a big challenge to determine potential and legit projects that is why we can hear people complaining about being scammed.