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YODA coin rug pulled and misplaced 100% of its worth on Might 5, as crypto sleuth PeckShieldAlert revealed.
The venture deleted its Twitter account, and the scammer already transferred over 68 Ethereum (ETH), in accordance with PeckShieldAlert’s tweet.
The rug pull
Avid crypto collector @borovik.eth was one of many first ones to appreciate 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 workforce 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.
Memecoin season
Though the crypto group’s ideas on memecoins could range, latest knowledge revealed that they’re, actually, fairly resilient. A CryptoSlate perception from April acknowledged 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.”
Fashionable memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) have confirmed themselves to be fairly worthwhile previously. Whereas their volatility has develop into mainstream, different memecoins have been shocking buyers recently.
Most not too long ago, memecoin PEPE (PEPE) attracted the eyes of the crypto group when it soared over 90% inside 24 hours on Might 1. On the time of writing, PEPE continues its surge. The token recorded a 59.38% enhance within the final 24 hours and a virtually 700% enhance over the earlier seven days.
A number 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.
Based on CryptoSlate knowledge, 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 publish Yoda coin’s sudden collapse: how buyers misplaced over $129K in Ethereum to a rug pull rip-off appeared first on CryptoSlate.
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