BassMann
@dblack
five instances where individuals associated with high-profile figures or projects in the crypto space have allegedly engaged in rug pulls within a single month. Here's a brief rundown of each: US President Donald Trump - $TRUMP: Following his inauguration, Donald Trump launched an official meme coin, $TRUMP, which was met with significant market volatility. Reports suggest that there were concerns about it being a pump and dump scheme, with the coin's value significantly dropping shortly after its peak. Insider wallets, linked to Trump, have been accused of cashing out, suggesting a possible rug pull.
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BassMann
@dblack
First Lady Melanie Trump - #MELANIE: Melania Trump also launched her own meme coin, $MELANIE, which similarly experienced a sharp decline after its initial hype. This token was launched amidst the frenzy around $TRUMP, contributing to a speculative bubble that burst quickly, hinting at manipulative practices or a rug pull. Binance Founder CZ - $TST: Changpeng Zhao (CZ), the founder of Binance, was linked to a token called $TST. Although not officially associated with Binance, there were speculations around insider trading or rug pulls, especially after a trader made significant profits from a related memecoin, suggesting possible insider involvement.
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BassMann
@dblack
African Republic President - $CAR: The context of this token isn't well-detailed in the provided information, but the pattern of high-profile figures launching tokens followed by rapid value drops suggests a similar scenario of a rug pull, where investors were left with nearly valueless tokens after insiders cashed out. Argentina President - $LIBRA: The Libra token, endorsed by Argentina's President Javier Milei, experienced a dramatic crash. Insiders reportedly conducted a rug pull, selling off $107 million in liquidity shortly after the token's launch, which resulted in a 94% value drop and a significant market cap loss.
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