The Cuban government is spotlighted after its X account promoted a rugged CUBA token.
This token birthed a series of other related tokens promoted on social media.
Recently, the crypto industry has welcomed many memecoins from high-profile celebrities, fueling these token’s embrace.
The Launch That Raised Eyebrows
Rug Pulls: The Dark Side of Crypto
This incident raises significant concerns about the crypto space’s integrity, especially regarding rug pulls – a scam where developers suddenly abandon a project after artificially inflating its value, taking investors’ money and leaving them with worthless tokens. As by Coinspeaker, Ripple’s CTO, David Schwartz, recently discussed the dangers of rug pulls in the crypto world.
