YODA coin rug pulled and misplaced 100% of its worth on Could 5, as crypto sleuth PeckShieldAlert revealed.
The challenge deleted its Twitter account, and the scammer already transferred over 68 Ethereum (ETH), in keeping with PeckShieldAlert’s tweet.
The rug pull
Avid crypto collector @borovik.eth was one of many first ones to comprehend the pull. He tweeted a screenshot of Yoda Coin’s official account, which was inaccessible.
Crypto Twitter then offered further details about the suspended addresses within the feedback. On-chain sleuth ZachXBT shared that the YodaCoin group 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 change. The quantity equates to over $129,000 in ETH on the time of writing.
Memecoin season
Though the crypto neighborhood’s ideas on memecoins could differ, current knowledge revealed that they’re, in truth, 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 traders and newcomers to the crypto world.”
Standard memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) have confirmed themselves to be fairly worthwhile previously. Whereas their volatility has change into mainstream, different memecoins have been shocking traders these days.
Most lately, memecoin PEPE (PEPE) attracted the eyes of the crypto neighborhood when it soared over 90% inside 24 hours on Could 1. On the time of writing, PEPE continues its surge. The token recorded a 59.38% enhance within the final 24 hours and an almost 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 per week of its launch. A number of crypto exchanges have additionally listed Turbo tokens as a tradable asset.
In response to 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 traders misplaced over $129K in Ethereum to a rug pull rip-off appeared first on CryptoSlate.
