CandleFocus Ripple CTO Speaks out on Crypto Rug Pulls: Details
2025-01-20
Author: Content Editor
Ripple CTO David Schwartz has provided insights on rug pulls in the cryptocurrency space. He explained that a rug pull occurs when key figures in a token or project sell large amounts or sell quickly, leading to a sharp decline in value and financial losses for investors. Another form of rug pull is when founders or developers abandon a project, leaving investors with worthless tokens. Rug pulls have become a concern in the crypto market, especially with the rise of meme tokens. Despite this, cryptocurrencies like Bitcoin and XRP have seen gains recently.
Related News
Traders await more Trump-branded memecoins amid torrent of fakes OKX Ventures Invests in DuckChain, Reshaping Web3 for 1B Telegram Users Ethereum Struggles As Bitcoin Dominance Pushes ETH/BTC Pair To 4-Year Low Ethereum Foundation prepares to join DeFi with 50,000 ETH OpenAI CEO Altman waters down fans’ online hype on AGI AI16Z Shows Resilience Amid Volatility and Traders Eye a Push Toward 2.60 You Can’t Buy More Time, But You Can Cheat With An AI Avatar That Acts Just Like You Coinbase Solana transactions delayed amid memecoin frenzy Cuba launches and rugs three memecoins in 24 hours, first coin pumps to $30M market cap Protofire Elevates Chiliz Asset Security with Safe Wallet Integration Pro-Bitcoin presidents unite — Trump, Milei, and Bukele spark crypto optimism Senate Banking Committee To Vote On Digital Assets Panel Bitcoin's bull run faces test amid potential Trump-era crypto policies – Bitfinex Analyst Eyes $TRUMP Correction to $25-$30 Before Next Rally Solana Price Prediction: 40-Month Accumulation Phase Nearing Its End? Congresswoman Calls Trump Memecoin Project 'Worst Crypto' Buterin Claims Ethereum Foundation is Considering ETH Staking to Cover Expenses Will Shiba Inu Price Hit ATH After Trump Inauguration? Over 40% of TRUMP Meme Coin Holders are First-Time Investors, Survey Claims Bitcoin traders refuse to YOLO after BTC nearly hits $110K — Why are they waiting? BREAKING: US Billionaire Mark Cuban Also Announces Memecoin Launch! The Madness Continues Views from inside the Crypto Ball Breaking: SEC Now Has New Acting Chairman This Analyst Correctly Predicted The Bitcoin Price Crash To $99,000, Here’s What’s Supposed To Happen Next Crypto Investor Arthur Hayes Doubts Trump Will Get Around to Doing a Bitcoin Reserve Mountain Protocol’s USDM natively deploys on ZKsync Era Donald Trump’s Project Made Massive Bitcoin and Altcoin Purchases Today: Secret Message Revealed in Details – Here’s His Latest Portfolio Token Spritz and Scrolltopia Unite to Revolutionize Blockchain Gaming Democratic lawmaker says TRUMP coin represents the ‘worst of crypto’ Seamless Protocol launches USDC Morpho Vault on Base Ascending Triangle Suggests Ethereum May Soon Shatter $4K Barrier And It’s Finally Here: Coinbase Lists Offical Trump (TRUMP) – Hot Moments Thailand Turns to Bitcoin to Boost Economy in Tourist Hotspot Phuket Chainlink: Does LINK’s overvaluation warrant investors’ concern? Analytics Company Reveals Forecast of Possible Local Peak in Bitcoin Price: “If This Level Is Breached, It Would Be Great News For Bulls” ? Trump fails to mention crypto during inauguration, legislators leave out crypto from priorities Will Pepe Coin Price Hit $1 After Vitalik Buterin Buys PEPE? Over $200B Wiped From Crypto Markets After Trump Ignores Crypto in Ceremony Speech TRUMP Coin Crash? Fail to Hold Support WIF Price Targets $5 Amid Consolidation Near Support JUST IN: Vitalik Buterin Had Signaled, The Change Has Begun at the Ethereum Foundation! They Made a Step of 50,000 ETH! Trump’s World Liberty Financial buys millions of Bitcoin Cardano (ADA) Gains 20% in a Week, Yet Weak Trend Signals Suggest Consolidation Trump family’s meme coins could destroy crypto’s credibility AI Agent Token Market Cap Drops 10% Amid TRUMP and MELANIA Meme Coin Rally Oobit Integrates TRUMP Token for Tap & Pay: Revolutionizing Everyday Crypto Purchases Why These Altcoins Are Trending Today — January 20 4-Year-Old $SHIB Whale Cashes Out $5.39M Amid Trump Token Hype Ripple and ISDA Set to Begin Facilitating the $1.2 Quadrillion Derivatives Market $STNK Price Surges 130% Amid Market Making Activity India Must Act Quickly on Crypto Regulations, Says CoinDCX CEO Sumit Gupta Does the Trump Entourage Hold $2.3T in Memecoins? The Rise of $TRUMP: The Cultural and Regulatory Impact of Trump's Presidency Trump’s Inauguration Sees OBT Token Launch and KuCoin Listing USDT Dominance at 3.86% Signals Big Crypto Market Move Ahead Binance Coin drops despite flipping Ethereum in key metric XRP Hits $20 Billion in Trading Volume, Market Cap Nears $190 Billion Lawyers refused jobs by Elon Musk’s DOGE file lawsuit calling it illegal Ripple Exec Explains Why 2025 Will Be Big for Crypto Price analysis 1/20: SPX, DXY, BTC, TRUMP, ETH, XRP, BNB, SOL, DOGE, ADA, LINK Dogecoin (DOGE) Price Prediction: Political Backing Raises Hopes for Rally Top TGEs to Watch This Week: Animecoin, Orbiter Finance, and More Crypto’s Role Redefined as U.S. President’s Wealth Converts to Digital Assets IOTA Prepares for Rebased Mainnet with New Builder Server on Discord US CBDC ‘is dead’ under Trump, but stablecoins could be set to explode Polygon (POL) Eyes Breakout as Volume Jumps 72% Chainlink price rises as Trump’s WLFI buys, potential Cardano partnership Chainlink Records 223% Stunning Rally in Volumes as LINK Price Spikes Hyperliquid celebrates new $21b volume ATH Polkadot’s Risk-Reward Setup: Why $24.48 Is a Realistic Target Schiff Reveals How His Predictions Moved People to Buy Bitcoin (BTC) BREAKING: Right After Trump’s Speech, Bitcoin Bull Michael Saylor Released a Statement – He Bought Bitcoin Again! Here is the Amount and Details Bank of America says Fed should stop rate cuts —How will crypto react to Trump 2.0? One insider whale probably caused the 50% dip in Official Trump (TRUMP) price Over 50% of Crypto Advisers Could Invest in Crypto, Inspired by Trump’s Victory Robinhood Soars 623% with Scaling Strategies for Long Term Gains ? It’s Official – SEC Chairman Gary Gensler Resigns! Here is the Last Statement from SEC Cardano’s Big Bet on Bitcoin DeFi and Chainlink Integration for 2025 President Donald Trump’s Administration Fails To Mention Crypto As Top Priority: Details XRP Price Soars Amid Bullish Divergence Versus Bitcoin (BTC) Weekly Cryptocurrency Market Analysis: Altcoins Rise After A Range Bound Move Ethereum Co-Founder Joseph Lubin Predicts Web3 Boom ‘Orders of Magnitude’ Bigger Than Dot-Com Bubble AI predicts Solana's price for February 1, 2025 Incoming President Trump shows support for innovation, but makes no mention of crypto during inauguration speech TRUMP token can be used to bribe POTUS and taints Musk-Ramaswamy DOGE – Peter Schiff Bitcoin (BTC) price consolidates, Official Trump (TRUMP) sell-off as President Trump takes office Ethereum Trails Top Coins in Weekly Gains — Can ETH Regain Momentum? MicroStrategy Hits Pause on Bitcoin Buys After 10 Consecutive Purchases Phantom wallet handles $1.25B in Solana swaps during goldrush for TRUMP tokens HBAR Price Prediction Today, All-Time High Imminent? Why Is TRUMP Memecoin Crashing? No, Cuba hasn’t launched its own memecoin Biden’s crypto legacy: A mixed bag as Trump takes office Bitcoin Technical Analysis: Key Resistance at $109K Holds the Fate of the Next Big Move Donald Trump Appoints Caroline Pham as Acting CFTC Chair: Bloomberg The US dollar vs crypto: Is Trump undermining the greenback? XRP up 6.9% and 8% in South Korea on reports SEC case could be dismissed Dogecoin Down 15% Since Trump's Solana Coin Dropped as Meme Momentum Shifts Bukele Blasts Local Bitcoin Naysayers: ‘The Key Is Not Listening to Them’ Ethereum Foundation considers staking its $1B ETH holdings amid criticism and leadership overhaul Coinbase app surges in Apple's U.S. App Store rankings ahead of Trump inauguration Trump's memecoin 'distracts from the greater good,' draws criticism from crypto insiders and Washington leaders How did Korean investors help Bitcoin push to $109K? TRUMP memecoin helps SOL price beat Ethereum — Solana's TVL jumps to $12B MicroStrategy shareholders to decide on major stock increase for Bitcoin strategy tomorrow Possible commutation looming, Silk Road founder issues memecoin warning Mark Cuban rails against memecoins like Official Trump: You get 'a seat in a game of musical chairs' $36T US debt ceiling signals Bitcoin correction after Trump inauguration Unofficial Barron Trump memecoin rose to $460 million market cap before crashing 95% EU regulator urges firms to restrict non-MiCA-compliant stablecoins The TRUMP factor — We can’t ignore memecoins any more 100% of Bitcoin holders are in profit as Trump’s inauguration triggers crypto market frenzy BTCPay Server Foundation Receives $25,000 Grant In Bitcoin From Unbank Bullish ATH Targets Set for JUP at $6.65 and $11.65 as Reputed Analyst Reveals Bullish Macro Chart XLM Price Prediction for January 20 Gate Ventures invests $20m in BNB Incubation Alliance TRUMP is much more than a memecoin Here's How Much 1 BTC Sold for on This Date 15 Years Ago: Details What Is AiXBT? A Guide to the AI-Powered Crypto Trading Platform XRP or XLM? We asked AI which is a better buy now that 2025 started Cardano (ADA) Earns 'Made in America' Label XRP Price Prediction for January 20 Bitcoin (BTC) Price Prediction for January 20 100,000,000 XRP in 48 Hours, Here’s What Happened Ripple CEO Spotted at Trump Inauguration Candlelight Dinner Solana (SOL) price prediction amid TRUMP and MELANIA meme coin momentum Retail Investor Interest in Bitcoin (BTC) Hits ATH: Details 3 Crypto Narratives to Keep an Eye On This Week Donald Trump’s family tree predicted to sprout more memecoins $162,502,588 in Bitcoin Mysteriously Exit Robinhood in Minutes Bitcoin will trade at this price if it overtakes Gold Top reasons why Trump and Melania meme coins may crash soon Ripple CTO Speaks out on Crypto Rug Pulls: Details Market Veteran Marks Two Regions on TRUMP Meme Coin Chart That Can Set off Price Rebounds Rumble Announces First Bitcoin Purchase in Line With $20M Strategy BNB Chain Introduces MEME Solution for Simplified Meme Coin Creation Binance's CZ: This Is Good for Bitcoin CoinGecko brings new category to woo American crypto investors Shiba Inu and Astra Nova Announce Partnership That Combines Meme-Based Cryptocurrency with AI-Powered Innovation The rise of the 24/7 crypto revolution and how weekend trading is reshaping digital finance Ripple Analysis: What’s Blocking XRP From Achieving a New All-Time High? Bitcoin Price Prediction Today 20th January 2025! MicroStrategy's Saylor Reacts to Bitcoin's New ATH: ‘The Future Is Bright’ Michael Saylor, Marathon meet with Trump team aligning with possible Bitcoin reserve Here’s New Dogecoin Price if Bitcoin Market Cap Hits $61T as Predicted By VanEck Neo News: Week in Review – January 13 – January 19 For AI that serves people, data curation DePINs hold the key | Opinion Hoskinson Outlines Key Themes for Cardano JUST IN! Donald Trump's Cryptocurrency Project WLFI Purchased Large Amounts of Three Altcoins, Including a Surprise! Crypto Trading Firm QCP Capital Says Donald Trump Could Kick Off Memecoin Altcoin Season! Ethereum Foundation’s response to community backlash — dump more ETH Ethereum Price Analysis: Key Resistance Halts ETH’s Climb Toward $4K SHIB Lead Shytoshi Kusama Addresses Fudders: 'Get Rekt' Here’s why Ethereum Price Could Suddenly Skyrocket to $7,000 Markets predict 36% probability of crypto executive order today, 56% chance of Bitcoin reserve Ripple vs SEC Case: Securities Lawyer Estimates XRP Lawsuit End Date Bitcoin Medium Timeframe Analysis: Bull Market Progression and WXY Pattern Insights Top 5 Crypto Airdrops to Watch for the Fourth Week of January Opportunist Whale Invested in This Altcoin as Soon as It Came Out, Earned $47.5 Million! Cardano (ADA) Price Trends: What’s Ahead on January 21? Insiders Hint Solana Price Will Hit $3,300 In Next 90 Days Orderly Brings Omnichain Liquidity to Sonic’s High-Performance EVM Layer 1 Why is Chainlink Price Up 15%? Is a $30 Breakout Next? $1.2 Billion Liquidation Tsunami Fails to Stop Bitcoin From New All-Time High Will Bitcoin and Altcoins Crash Following Bank of Japan Rate Hike This week? Legal and Tax Implications of Trump’s Meme Coin Launch: What You Need to Know Donald Trump Inauguration Today: How to Watch Live Speech & What to Expect for Crypto Market? Trump Memecoin Signals Start of a New Crypto Regulatory Era: Bernstein Industry Experts Discuss Challenges Facing Blockchain Gaming in 2025 Blockchain Investigator Accuses Vitalik Buterin of Funding Ethereum ICO with Seized Silk Road Bitcoin An Ethereum-based bridge protocol will sponsor Donald Trump’s inauguration speech Circle CEO expects imminent US executive orders to widen crypto Legendary Trader Says Cardano Ready for Grand Bull Run: Is $500B Market Cap Possible? CoinShares: Trump Euphoria triggers ETF inflows of $2.2b with total AUM ‘at all-time highs’ Solana Hits Record Fees and Revenue as TRUMP and MELANIA Fuel Surge Donald Trump Memecoin Kicks Off Altcoin Season Till 2028, Says CryptoQuant CEO Bitcoin Volatility Climbs to 6-Month High as Options Frenzy Picks Up Shiba Inu Lead Seeks Ethereum Founder’s Support to Give SHIB ‘True Global Adoption’ Gemini Selects Malta as Hub for MiCA Framework Solana Price Prediction As Donald Trump’s Inauguration Nears Aave Intensifies Bull Run with Significant 16% Single-Day Price Hike Stellar (XLM) Bounces off of Key Support Level “Bitcoin: Hard Money” Author Predicts XRP Price After Trump Takes Over XRP on Verge of U-Turn Price Move: 8% in 24 Hours Ether Drops to 4-Year Low Against Bitcoin as Trump Seen Boosting Largest Cryptocurrency CNBC Crypto Trader Calls XRP the Biggest Meme Coin with $320B FDV Top Bitcoin Advocate Samson Mow Spots 'God Candle' as BTC Price Hits ATH Bitcoin Exchange Binance Announces Listing of Two New TRY Pairs on Spot Platform! How to buy Bitcoin in South Africa Ethereum Price Analysis: Will Bullish Momentum Drive a 25% January Rally? Solana Price Analysis: Will SOL Price Cross $300 This Week? XRP Price Prediction for January 21: Market Sentiment and Forecast AI predicts Bitcoin price for February 1, 2025 Indian scammers use Tether’s USDT to launder funds outside the country R. Kiyosaki reveals his take on TRUMP coin SUI Price Prediction: January 21 Predictions and Key Levels Shifting Landscape: CFD Brokers Face Direct Challenge from Crypto Exchanges, Fintechs The crypto do not have legal value and are not seizable. MrBeast Denies Rumors of Launching a Meme Coin Amid Solana Collaboration Buzz 3 Altcoins to Watch in the Fourth Week of January 2025 Hashgraph Association partners with Taurus for global HBAR custody push $99K Trump 'plunge protection' — 5 Things to know in Bitcoin this week Trump’s meme token bounces back to $60 with inauguration buzz $124,788,255 in XRP Stuns World's Largest Exchange Binance TRUMP Bulls on Alert as Indicator Hints at Rising Selling Pressure Trump Meme Token Moves to Flip Shiba Inu Again as It Soars Over 50% Solana users hit by delays after Trump memecoins debut Top 10 Chains by Highest TVL This Week: Ethereum Leads Bitcoin Breaks New All-Time High: Is $111K on the Horizon? Why Is Bitcoin Up? BTC Price Tests New ATH Ahead of Donald Trump’s Inauguration Ethereum to Hit $7,000 This Bull Market if This Pattern Holds: Analyst Bitcoin (BTC) Sees New ATH, Chainlink (LINK) Explodes 15% Daily (Market Watch) American Coin pumps over 400% on rumors of Trump link, then crashes Kaia Integrates Fireblocks to Boost Web3 Security and Scalability Tron Founder Justin Sun Purchases Surprise Altcoin Again, Brings Total Investment to $75 Million! Were the Trumps avoiding constitutional violations by launching TRUMP and MELANIA at this time? Bitcoin's 10% 'god candle' hints at $130K next — Analyst Litecoin ETF Gains Traction: Here’s What the Amended S-1 Filing Reveals Injective Unveils iAgent SDK to Automate Blockchain Tasks with AI TRUMP Meme Coin Climbs to Top 20, Targets $100 This Week Bitcoin DeFi takes center stage Parabolic Breakout for Bitcoin Now in the Cards, According to Analyst That Called Last Bull Market Top Cambridge Lecturer Uses 3-Step Framework to Show How Much Further XRP Price Can Rise Will Dogecoin Skyrocket Soon? Chart Pattern Suggests Yes Crypto industry hopes rise as Donald Trump enters the White House Shiba Inu Coin Lead Says Big Week Ahead, Here’s What’s Happening Algorand price spike 20% to hit 1-month high: Is $1 next? Bitcoin ETF weekly inflows surged 475% ahead of Trump’s inauguration Trump family-backed WLFI buys 4 ENS domains on inauguration day JUST IN! Binance Announces Listing of MELANIA Memecoin on Futures! MELANIA meme coin soars over 50%, Bitget joins the hype Cardano Founder Recommends Leios and Hydra as Solana Stutters Under Pressure Ripple and Ireland’s Trinity College team up to tackle blockchain challenges South Korea arrests six Chinese suspects over alleged $690k Tether heist: report Bitcoin Price Today Hits New ATH of $110,000, Why is BTC Suddenly Up 8%? FDIC accused of omitting more crypto ‘pause letters’ in Coinbase-backed suit Legendary Hacker Jokes That None of Your Crypto Assets Are 'Safe' Trump’s memecoin rebounds to over $60 after Robinhood listing announcement XRP Lawyer Calls To Prioritize Memecoin Regulation Over SAB 121, Here’s Why Crypto Community Reacts to Trump and Melania Meme Coins as Market Sinks Bitcoin Price Hits New All-Time High Resulting in $1B Crypto Liquidations XRP Logs Its Highest Weekly Candle Ever, but There Are Worrying Signs Is Trump’s Strategic Bitcoin Reserve A Threat To Freedom? Cardano (ADA) Slips: A Healthy Correction or Bulls Losing Grip? Cardano’s Path to $6: A 2021 Replay or Wishful Thinking? ? BTC price nears $110K after Trump Bitcoin reserve odds spike to 60% Ethereum L2s Are About to Hit a Brick Wall: Polynomial Protocol Founder World Liberty Financial sees surge in token sales following Donald and Melania Trump memecoin launches Arthur Hayes Predicts Memecoin Explosion as Trump Paves the Way for Taylor Swift and Beyoncé Presidential Powers Meet Crypto Powers: The Legal Paradox Of $TRUMP XRP Eyes Monthly Chart Trendline: Significant Surge Looming? World Liberty Financial sees surge in token sales following Donald and Melania Trump memecoin launches Trumps accused of greed, grifting with back-to-back memecoin launches XRP Price Prediction For January 20 Elon Musk Boosted DOGE: Will TRUMP Leverage Donald Trump’s Influence? Hong Kong launches blockchain incubator for banks Harmony price prediction 2025-2031: Will ONE rise soon? XRP Price Holds Strong: Uptrend Shows No Signs of Slowing XRP News: Deaton Pushes for Ripple Lawsuit Dismissal Amid Trump’s Meme Coin Release Massachusetts Bitcoin Reserve Bill Could Allocate 10% to Crypto Trump's new crypto token jumps ahead of his inauguration Trump’s World Liberty Financial Swaps 5M $USDC Tokens for $ETH Amid $TRUMP Frenzy SEC Sues Helium Network’s Nova Labs For Securities Violation Cardano's ADA Correction Complete, Next Stop: $6? TRUMP coin epitomizes the ‘sh*ttiness of the industry’ says Diamond Hands CEO Koji Higashi Trump-Linked DeFi Venture Buys $48M in ETH as Son Eric Drops Hint Balaji Blasts Memecoins, Calling Them 'Zero-Sum Lottery’ as TRUMP Token Sends Market In Frenzy Crypto Prices Today Jan 20: BTC Holds $101K, TRUMP & MELANIA Meme Coins Skyrocket Melania Trump Memecoin Takes Over: How to Buy $MELANIA Crypto? Former Goldman Sachs Analyst Tips XRP To Flip Ethereum Amid Dominance War Arthur Hayes Predicts Memecoin Explosion as Trump Paves the Way for Taylor Swift and Beyoncé Trump crypto project buys $48M ETH as token strengthens vs Bitcoin Crypto liquidations hit $1B over 24 hours as Bitcoin plummets Ethereum Price Faces Another Rejection: Will Momentum Return? Bitcoin Price Stays Above $100K: Calm Before the Next Surge? Unlock $12,000 from $600 with These 4 Remarkable Altcoins – Experts Weigh In Here’s the XRP Price Where the Top 5% of Holders Could Get Rich Students for Trump co-founder denies rug pull accusations after selling half of 'TIKTOK' memecoin's supply Bitcoin retraces to $100K, TRUMP Tanks 30% as Melania Memecoin Skyrockets Is the crypto market ready for 2025 with MiCA? Crypto Strategy Alert: 3 Coins Set to Shine Amid Trump-Driven Market Trends Michael Saylor Teases New Bitcoin Buy As Price Eyes New ATHs QUANT, TRUMP and DOGE: Memecoins as Humanity in Action This Week in Crypto Games: 'Rumble Kong' to Ronin, 'Farm Frens' Airdrop Snapshot, AI Chess Battle StealthEX hosts Zealy sprint rewards campaign in collaboration with Neo Whales Accumulate 1.83B DOGE Amid Distraction A US debt default would be unconstitutional—Bitcoin is the only way out Crypto Trader Predicts Massive Rallies for Chainlink (LINK) and Cardano (ADA) – Here Are His Targets Top Cryptos to Buy Now January 20: LINK, HYPLQ, and ONDO Lead the Pack 2025 Next Crypto Bulls: Polkadot, Avalanche, and Beam Redefine Portfolio Growth Bitcoin Closes In On Historical Top: Retracement Or Price Discovery Next? Tron DeFi: SunSwap Leads the Way with 8.3 Million Transactions in 2024 Metropolis Aims To Make It Cheap And Easy To Build Small Blockchains For AI Agents to Flourish Ethereum’s Q1 Performance: Can Historical Gains Overcome Growing Market Risks? Crypto community reacts to Melania Trump's memecoin: 'Gensler is laughing at us' Italian Lawmaker Urges Banking Foundations to Buy Bitcoin Donald Trump takes credit for surging stock market and bitcoin all-time highs: 'The Trump effect' Biggest Bitcoin (BTC) Price Test Incoming, XRP Remains Dominant: Eyes For $3.5, 45% Solana (SOL) Pump Might Be Only Beginning Ethereum Whales Control 43% Of Supply – What This Means For Retail Traders Helium founder says company will defend itself 'vigorously' against SEC lawsuit Solana-Based Altcoins Drive 2025 Bull Market With Innovation and Growth Survey reveals over 50% of Americans sell gold or stocks to buy Bitcoin. Is this a good idea?
