SPCT token plunges 43% amid allegations of a rug pull

Spectra Chain’s native token, SPCT, experienced a significant decline, plummeting 43% on Friday morning following emerging allegations of a potential rug pull by its team. At the time of writing, the token was trading at $0.0094, marking a 27% fall within the last 24 hours. SPCT 24-hour price chart | Source: CoinMarketCap Previously reaching an all-time high of $0.05065 on April...

Solana-based meme coin team suspected of nearly $1m rug pull

The CONDOM meme coin team on the Solana network collected 4,965 SOL as part of the coin’s presale and deleted its X page. The funds raised were estimated at $906,000 at the time. Whale Insider reports that the community suspects the CONDOM team of committing a rug pull. User X, who used the pseudonym Harfordton, called for...

Solana meme token developers commit rug pull following presale

The URF meme coin team committed a rug pull and disappeared with 2,400 SOL collected during the coin’s presale. According to on-chain researcher ZachXBT, the meme token team on the Solana blockchain withdrew Solana (SOL) worth about $450,000. The developers completed the fraud less than 24 hours after URF launched. The team also used the funds raised...