Alleged Rug Pull by Doraemon Developer Rocks Solana Community

Wednesday, 26 June 2024, 17:33
The Doraemon (DORAE) meme coin on Solana was hit by a significant rug pull, leading to a loss of $1.45 million. A controversial incident emerged as LookOnChain traced the deployer and correlated it to a massive 99% price drop. The Solana network faces scrutiny amid concerns over rug pulls and developer accountability.
Be in Crypto
Alleged Rug Pull by Doraemon Developer Rocks Solana Community

Controversial Rug Pull

The Doraemon (DORAE) meme coin experienced a staggering loss of $1.45 million due to a rug pull on the Solana network.

Developer Accountability

  • LookOnChain identified the deployer linked to the 99% price drop.

The incident raises questions about transparency and investor protection in the cryptocurrency space.

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