OnlyFans

Memecoin

Coin

<ul> 
 <li>“Bald on BASE” memecoin emerges on Coinbase’s ETH L2 platform and quickly gains massive attention, driving its market cap to $85 million in just 48 hours.</li> 
 <li>Investors’ excitement turns to disappointment as the memecoin experiences a sudden rug pull, causing an 85% drop in value almost instantly.</li> 
 <li>The incident raises concerns about the risks associated with investing in meme-based cryptocurrencies and highlights the need for caution in the crypto market.</li> 
</ul> 
<p>In a weekend of dizzying market action, a memecoin called “Bald on BASE” took the crypto community by storm, gaining rapid popularity on Coinbase’s ETH Layer 2 (L2) platform. The coin’s meteoric rise saw its market capitalization soar to an astounding $85 million within a mere 48 hours, capturing the attention of both seasoned investors and newcomers alike.</p> 
<p>However, the exhilaration was short-lived as “Bald on BASE” quickly succumbed to a rug pull, a tactic used by unscrupulous actors to drain liquidity and cause massive losses to unsuspecting investors. The memecoin’s value plummeted by a staggering 85% almost instantly, leaving a trail of disappointed holders in its wake.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">Over the weekend someone created a memecoin called Bald on BASE (Coinbase’s ETH L2) that reached a $85mm mkt cap in 48 hours<br><br>Just got rug pulled and dropped 85% almost instantly <a href="https://t.co/5cAs4aAbuZ" rel="noopener noreferrer nofollow">pic.twitter.com/5cAs4aAbuZ</a></p>— Will Clemente (@WClementeIII) <a href="https://twitter.com/WClementeIII/status/1685996984065208320?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 31, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>The rapid rise and fall of “Bald on BASE” serve as a stark reminder of the risks inherent in the cryptocurrency market, particularly when it comes to meme-based tokens. While such coins may garner attention and short-term gains, they can also become vulnerable targets for malicious actors seeking to exploit investor enthusiasm.</p> 
<p>The incident has sparked discussions within the crypto community about the need for greater vigilance and caution when investing in meme coins and other high-risk assets. Many experts and analysts stress the importance of conducting thorough research and due diligence before entering the market, as well as being aware of the potential for market manipulation.</p> 
<p>As the crypto landscape continues to evolve, regulators and platforms are working to implement measures to protect investors from such rug pull incidents. However, it remains crucial for individuals to exercise prudence and stay informed to make well-informed decisions in this ever-changing market.</p> 
<p>The rise and fall of “Bald on BASE” serve as a poignant reminder of the inherent volatility in the crypto space. While some investors may have experienced substantial gains during its ascent, the rug pull underscores the necessity for risk management and a cautious approach when navigating the cryptocurrency market.</p> 
<p>In conclusion, the saga of “Bald on BASE” highlights the unpredictable nature of the crypto market and emphasizes the need for careful consideration when investing in emerging tokens. As the community learns from this experience, the importance of staying informed and making informed decisions remains paramount in navigating the ever-evolving world of cryptocurrencies.</p> 
<h4 class="wp-block-heading" id="h-recommended-news">Recommended News :</h4> 
<ul class="wp-block-yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/sexn-platform-onlyfans-v2-0-or-rug-pull-soon/" rel="noopener noreferrer nofollow">SEXN Platform: OnlyFans V2.0 or Rug Pull Soon?</a></li> 
 <li><a href="https://cryptonewsland.com/97-of-tokens-launched-in-uniswap-were-rugpulls/" rel="noopener noreferrer nofollow">97% of Tokens Launched In Uniswap Were Rugpulls</a></li> 
 <li><a href="https://cryptonewsland.com/coinbases-base-l2-network-roadmap-no-token-issuance/" rel="noopener noreferrer nofollow">Coinbase’s Base L2 Network Roadmap: No Token Issuance</a></li> 
 <li><a href="https://cryptonewsland.com/coinbases-base-blockchain-network-to-face-aml-measures-on-launch/" rel="noopener noreferrer nofollow">Coinbase’s BASE Blockchain Network To Face AML Measures on Launch</a></li> 
 <li><a href="https://cryptonewsland.com/meme-coin-rug-pull-zjz-dumps-wsb-team-supply/" rel="noopener noreferrer nofollow">ZJZ.eth’s $635k Meme Coin Dump Shocks the Market</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/memecoin-bald-on-base-rockets-to-85mm-market-cap-in-48-hours-then-plummets-85-in-rug-pull/">Memecoin “Bald on BASE” Rockets to $85MM Market Cap in 48 Hours, Then Plummets 85% in Rug Pull</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Memecoin “Bald on BASE” Rockets to $85MM Market Cap in 48 Hours, Then Plummets 85% in Rug Pull

Crypto News Land

2023년 8월 1일에 게재된 다른 기사

Binance Launches Two New Altcoins for Staking on Launchpool!

Best Presale in 2023? Chancer, Hands Down. Why Whales Are Impressed With Its $1.0m Raise

Arkham Intelligence, Reserve, and the Leverage Research 'cult'

Fubon Bank to Use Ripple and Test Real Estate Tokenization

Shibarium Mainnet: Elon Musk’s Mystery Connection Revealed

Tron (TRX) Founder Justin Sun Just Purchased 5 Million CRV on OTC

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!