Bitcoin Pizza Day: From Nostalgia to Rug Pulls.

Meme coin issuers have profited over $200,000 from pizza-related rug pulls on Bitcoin Pizza Day, with at least four confirmed rug pulls and five suspected honey pots. Investors flocked to tokens named bitcoin pizza and pizza inu, ending up with losses of more than $12,000 in total. Developers can "pull the rug" on projects by adding a modifiable sell tax to the smart contract or by holding the vast majority of a token, waiting for the price to rise before selling the token into freshly formed liquidity from unsuspecting investors.