YODA coin rug pulled and misplaced 100% of its worth on Could 5, as crypto sleuth PeckShieldAlert revealed.
The undertaking deleted its Twitter account, and the scammer already transferred over 68 Ethereum (ETH), in keeping with PeckShieldAlert’s tweet.
The rug pull
Avid crypto collector @borovik.eth was one of many first ones to understand the pull. He tweeted a screenshot of Yoda Coin’s official account, which was inaccessible.
Crypto Twitter then supplied extra details about the suspended addresses within the feedback. On-chain sleuth ZachXBT shared that the YodaCoin crew additionally deactivated 9 bot accounts with gold checkmarks.
PeckShieldAlert monitored the scammers’ pockets actions and found that they moved over 68 ETH to the FixedFloat trade. The quantity equates to over $129,000 in ETH on the time of writing.
Despite the fact that the crypto group’s ideas on memecoins might differ, latest information revealed that they’re, in actual fact, fairly resilient. A CryptoSlate perception from April said that memecoins:
“Proceed to defy expectations by thriving within the bear market, outperforming different cryptocurrencies and increasing their utility, attracting retail buyers and newcomers to the crypto world.”
Widespread memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) have confirmed themselves to be fairly worthwhile previously. Whereas their volatility has turn into mainstream, different memecoins have been stunning buyers recently.
Most lately, memecoin PEPE (PEPE) attracted the eyes of the crypto group when it soared over 90% inside 24 hours on Could 1. On the time of writing, PEPE continues its surge. The token recorded a 59.38% improve within the final 24 hours and an almost 700% improve over the earlier seven days.
A couple of days later, the Turbo memecoin, created by ChatGPT, reached over a $30 million market cap inside every week of its launch. A number of crypto exchanges have additionally listed Turbo tokens as a tradable asset.
In line with CryptoSlate information, the memecoin market has 1.49% sector dominance with over a $17 billion market cap. The sector’s 24-hour quantity sits at over $1.49 billion.
The submit Yoda coin’s sudden collapse: how buyers misplaced over $129K in Ethereum to a rug pull rip-off appeared first on CryptoSlate.