The cryptocurrency market is in turmoil, with projects collapsing and investors losing money. In a video, an experienced trader warns that the market is getting “pretty grim” and that some investors are looking for “defi gems” offering crypto passive income that are too risky. The trader analyses three past projects, Yield Nodes, Stable Fund and Terra Luna, that have rug pulled, or collapsed, and highlights the danger of putting money in them. The article recommends that investors thoroughly research any project before investing and warns that any money lost to a rug pull is usually gone for good.
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