MemeCoin BALD raises red flags, wiping out 30,000% gains in instant $BALD
seem to be pointing to Bald , a meme coin recently launched on Coinbase's Base, an Ethereum Layer 2, as a rug pull. This is because the token's deployer has, in recent hours, removed millions of dollars worth of liquidity.
A rug pull in the crypto industry is a type of scam where a development team hypes a project to attract investor funds and then sells or removes all of its liquidity. Over the weekend someone created a memecoin called Bald on BASE that reached a $85mm mkt cap in 48 hours
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