12-22-2021, 12:45 AM
What was the greatest rug pull for 2021
<!-- SC_OFF --><div class="md"><p>ICP and Chia network entered the market rather strongly and I think both were part of the top 100 at some point. (I think ICP is still at around 39 at the point of writing) </p> <p>It’s sad to see over 90% of the market cap being wiped out over the course of the year. </p> <p>For chia network there was a huge hype and I think they drove up the prices of hard disks instead of the token ? so for folks who invested in Samsung, Western Digital and Seagate that probably helped lol. However use case wise I’m not sure I see any at this point</p> <p>For ICP, I’m not quite sure why it entered on such a high valuation as well. However the decline has been Swift and steady. </p> <p>Would love to get the view of the community what were the worst rug pulls this year. Personally squid token was quite bad given how the creators just ran away with the money, but the amount was still in millions and not billions </p> <p>And yes wishing everyone a merry Christmas ?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/yitch"> /u/yitch </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rl254h/what_was_the_greatest_rug_pull_for_2021/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rl254h/what_was_the_greatest_rug_pull_for_2021/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>ICP and Chia network entered the market rather strongly and I think both were part of the top 100 at some point. (I think ICP is still at around 39 at the point of writing) </p> <p>It’s sad to see over 90% of the market cap being wiped out over the course of the year. </p> <p>For chia network there was a huge hype and I think they drove up the prices of hard disks instead of the token ? so for folks who invested in Samsung, Western Digital and Seagate that probably helped lol. However use case wise I’m not sure I see any at this point</p> <p>For ICP, I’m not quite sure why it entered on such a high valuation as well. However the decline has been Swift and steady. </p> <p>Would love to get the view of the community what were the worst rug pulls this year. Personally squid token was quite bad given how the creators just ran away with the money, but the amount was still in millions and not billions </p> <p>And yes wishing everyone a merry Christmas ?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/yitch"> /u/yitch </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rl254h/what_was_the_greatest_rug_pull_for_2021/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rl254h/what_was_the_greatest_rug_pull_for_2021/">[comments]</a></span>Kind Regards R