A few days back I bought a token from Launchpad. After they Launch on Pancakeswap I made 1.5X and sold. I was happy with that. But unfortunately, the token price grow double every day, then I bought again at the higher price. I thought this was a chance to multiply my portfolio again. Even though it grow 5x but O didn't sell that due to greedy behavior. Eventually, the project rug was pulled and skipped with all the funds. That means I lost everything even including my initial investment. This is how greed destroys us and scammer takes the advantage.
There are a lot of bad projects on launchpad I am also a victim of these tokens we all thought that projects coming from launchpad are great because of the criteria and the requirements these developers are following on launchpad, but make no mistake about it, you still need to do your own research and be very diligent don't rely on the launchpad or support coming from an exchange, rug pull projects are like this, they like to go where legit projects are going