For the last time – a DUMP is not the same as a RUG PULL

Not sure what’s so difficult to understand.

Dump means the price is falling. Usually rapidly.

Rug pull means the devs/team had access to liquidity pools and they’ve drained it, meaning you cannot sell at all, bcs there is no “pool” or money from which your order will be fulfilled. It happens on DeFi.

​

I believe I don’t need to go into explaining why SHIB is a shitcoin. But to say it’s being rugged is flawed. The liquidity is still there. There’s buy and sell orders left and right. Volume is $3B. You will be able to sell. If you bought in the last 7 days, there’s 50% chance you’re still in profit. But please, for the love of Satoshi, zoom the f out. It’s price is still above where it was 7 days ago. 1 month chart looks pretty amazing, even for the most volatile of crypto.

​

Is this a dump? Who the f knows?? It most likely is. It could also be a normal correction from the wild pump it had the previous month. We don’t know. Sensationalist articles and posts here how it’s getting sold left and right are not looking at the number. 16% fall today is a lot. That said, we didn’t blink an eye in any other situation where a top 100 coin fell 16% in a day. Or are you forgetting this is crypto?

​

EDIT: the serial downvoting happening in comments is atrocious.