Get Rich Or Get Rugged? RUGME’s Unique Liquidity Mechanism Sparks Controversy
In the cryptocurrency world, a new token has emerged, causing a
stir among investors. Rug Me (RUGME) has a unique liquidity
mechanism that is daring investors to try to “rug” the
contract. According to the DeFi researcher Tsubasa, the token
comes with a big brain game that challenges the most intelligent
investors to solve a complex puzzle, promising high rewards.
However, there is a catch. If someone is smart enough to solve the
puzzle, they can rug the liquidity and take 20% of the pool.
Rugging the liquidity means that someone can pull out a significant
amount of funds from the pool and cause the token’s value to drop
rapidly. This can result in significant losses for investors who
hold the token. Related Reading: Polkadot Experiences Correction
After Reaching $5.54: What’s Next In Store? RUGME, Big Brain Game,
Or Big Risk? RUGME has a 1 trillion supply, with 100% of the supply
used as liquidity. The token has a 10% transfer and buy fee, with
no selling fee. All fees are disbursed to holders, who can claim
them from the contract. When the liquidity is rug-pulled, 20% goes
to the rugger, and 80% is refunded to the holders. Furthermore,
Tsubasa believes investing in Rug Me is not for the faint. The
token is high-risk and high-reward, with the potential for
significant loss. However, Rug Me (RUGME) offers a unique and
exciting investment opportunity for investors willing to take the
risk. Despite the risk, investors are flocking to RUGME, with 15
ETH already in the liquidity pool. The token has a 100e curve,
meaning that any buy below 100e will get the same price, with no
first-comer advantage. The token has a 10% transfer and buy fee,
with all fees disbursed to holders who can claim from the contract.
This mechanism incentivizes holding the token, as holders can earn
fees every time the token is transferred or bought. The flat
pricing below 100e makes it easier for investors to enter the
market at the same price point as others rather than being at a
disadvantage due to coming in later. The earlier investors are, the
more fees they earn from buys. However, after 100e, the price will
start moving, and if people keep buying, the price could skyrocket.
But the risk of rug-pulling is ever-present, and investors need to
know the potential for loss. Is The Memecoin Craze Losing Steam?
Signs Point To A Slowdown The Pepe (PEPE) token, a meme-inspired
cryptocurrency, recently experienced a surge in popularity that saw
its price skyrocket from $0.00000002764 on April 17 to a high of
$0.000004354 on May 5. However, the frenzy has cooled considerably,
leaving many investors wondering if the Pepe (PEPE) craze is over.
Currently, the token is trading at $0.0000014390, Down by 1% in the
last 24 hours and more than 7% in the seven-day time frame.
According to data from CoinGecko, the price of Pepe (PEPE) has
fallen by more than 63% from its all-time high on May 5.
Additionally, the daily transaction volume, which peaked at over $1
billion, has dropped to $270 million over the last 24 hours.
Onchain data reveals a significant decline in interest in PEPE as
the frenzy appears to end. Related Reading: No All-Time High For
Bitcoin In 2023, Former BitMEX Head Arthur Hayes Predicts While the
recent surge in popularity of meme-inspired cryptocurrencies like
Pepe has captured the attention of investors, there are concerns
about the sustainability of these coins. Many of them are highly
speculative investments with no real-world use case or underlying
value, and the recent drop-off in interest in Pepe (PEPE) seems to
indicate that the hype may have been short-lived. Featured image
from Unsplash, chart from TradingView.com
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