Earlier on Wednesday, the blockchain data analysis account Lookonchain revealed details of a potential rug pull involving the Solana-based meme coin Doraemon.
The so-called rug pull resulted in a sharp drop in the price of Doraemon’s native token, DORAE, plummeting by over 99% in just a few hours.
In a post on X, Lookonchain reported that a wallet with the address 3TQYNN…yFAccW dumped approximately 2.5 million DORAE, exchanging them for 10,538 SOL, worth $1.45 million.
Doraemon ($DORAE) Rug Pull!
