Be careful not to fall victim to fake tokens for fear of missing out!

Then, when the price of the fake token is artificially inflated through washtrading, the fraudster calls the setUserBalance function. This function brings the balance of the victim to “1 token” and makes it impossible to sell the token; Because the scammer technically burned them. However, the token is still visible in the victim's wallet, further misleading them.
Sabatella explained:

Eveually, the fraudster removes the liquidity from the pool and the token's value drops to almost zero.

Ierestingly, scammers sometimes return 5-20 ETH to victims in order to avoid attracting atteion. Also, this scam method involves registering owner and builder disclaimer of ownership, which can bypass some tracker sites.
Blockfence has ideified 1,300 separate ragpoles with the same pattern.
According to a report by blockchain security platform Immunefi, an estimated $103 million will be lost in 2023 through detectable scams, such as Ragpool.