Tokenomics That Screamed “Rug Pull” But You Bought Anyway
Okay, I’ll go first. For me, it was this DeFi yield farm last cycle that promised like 5000% APY. The token emission schedule was insane massive unlocks for the team in month two, with basically zero utility for the token itself beyond governance votes no one would use. The whole thing was a classic ponzi dressed in a fancy whitepaper. I remember reading it, laughing, and thinking, “This will be dead in 60 days.” Then I saw the price start to pump on day one… and I still threw a small bag at it. Made a quick 2x and got out before it cratered. Felt equal parts clever and stupid. Anyone else have a story like that? What were the biggest red flags you knowingly ignored?