DORAE Coin Plummets: A 99% Crash Sparks Discussions on Solana's Security
In the ever-evolving and tumultuous world of cryptocurrency, meme coins have recently taken center stage, captivated by their soaring highs and crushing lows One such token, Doraemon (DORAE), has unfortunately become a cautionary tale of the instability and risks inherent in these types of investments Reports of a potential rug pull involving the Doraemon token have emerged, sending shockwaves through the crypto community and causing the token's value to plummet almost instantaneously Insights From On-Chain Data on the Doraemon Incident The swift downturn of the Doraemon token’s value has drawn significant attention to the activities surrounding its developer’s actions On-chain data analysis has uncovered a massive movement of DORAE tokens to an exchange, followed by a sell-off for Solana (SOL), which precipitated the token's dramatic price drop...
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