The CONDOM meme coin workforce on the Solana community collected 4,965 SOL as a part of the coin’s presale and deleted its X web page.
The funds raised had been estimated at $906,000 on the time. Whale Insider stories that the neighborhood suspects the CONDOM workforce of committing a rug pull.
Consumer X, who used the pseudonym Harfordton, known as for warning when investing in crypto initiatives, no matter reputation. The account had over 50,000 followers on X and was adopted by huge names.
Solana meme coin rug pulls changing into pattern
Beforehand, the URF meme coin workforce disappeared with 2,400 SOL, price $450,000, collected in the course of the coin’s presale. The builders carried out a rug pull lower than 24 hours after URF launched. The mission’s final exercise on social networks was March 26. The URF workforce additionally used the funds raised in the course of the asset’s sale to commerce different meme tokens on Solana.
A crypto professional beneath the pseudonym ZachXBT additionally acknowledged that since March 12, 33 presales have taken place within the Solana ecosystem, attracting 796,000 SOL.
Nevertheless, a lot of the initiatives turned out to be opaque. ZachXBT offered knowledge on not less than 4 instances of rug pulls with complete harm of round 25,400 SOL. Nevertheless, the detective added that such knowledge nonetheless must be accomplished.