Rug Pull Explained: Understanding Solana Rug Pulls and How to Avoid Them
Token Creation: Developers deploy a new token contract defining total supply, decimals, and authorities controlling the token. Adding Liquidity: Liquidity providers deposit tokens and SOL (Solana's native coin) into a decentralized exchange (DEX) pool, such as Raydium, making the token tradeable. Listing and Distribution: The token becomes available on DEX platforms and can be traded by users. Tools like pumpdump.cc simplify token creation and liquidity management, enabling users to launch meme coins with minimal coding knowledge. Liquidity Removal: Creators suddenly withdraw liquidity from pools, making the token worthless.




