Published by
Benzinga
Benzinga
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 …