BALD Meme Coins Tanks Over 90% After Developer Removes $25M In Liquidity: Blockchain Watchers Points To A ‘SBF Or Alameda Person’ Connection

Published by

BALD, a meme coin created to poke fun at Coinbase CEO Brian Armstrong’s hairless appearance, suffered an 89.4% drop in value, according to CoinGecko data. What Happened: The token’s deployer unexpectedly removed $25.6 million in liquidity, leaving investors high and dry, as per blockchain analytics platform Onchain Intrigue. Rug pulls, a deceptive tactic prevalent in the crypto world, are particularly common within decentralized finance (DeFi) circles. The scheme involves developers launching a seemingly legitimate token, luring investors with promises, only to subsequently withdraw liquidity …

Read More