BALD Coin Plunges 94% as Developer Denies, Then Confirms, Rug Pull
Join Our Telegram channel to stay up to date on breaking news coverage BALD, a new meme coin on Coinbase’s new Layer 2 blockchain Base, imploded after an earlier stratospheric rise amid allegations and denials of a rug pull. After rising as much as four million percent on Sunday, the coin had plunged more than 94% by 14.39 EST as Bald’s developer tweeted that it had not sold a single token. I didn't sell a single token at any point since deployment. Just added/removed 2 sided liquidity and bought — Bald (@BaldBaseBald) July 31, 2023 But when challenged by another tweet that the comment actually indicated the developer had sold Bald tokens for a lot of Ether, the developer replied, ”Correct.” Social media reports and blockchain data suggested the crash was triggered when the developer pulled Ether liquidity worth about $1.9 million from the market, Coin Telegraph reported. BALD – The Rise and Fall Despite its lack of any known purpos...