Rugproof Launchpad Exposed for Alleged Rug Pull Setup by Bubblemaps


Blockchain analytics firm Bubblemaps has flagged Rugproof, a #Solana-based launchpad claiming to protect investors from rug pulls.


The platform ironically appears to be orchestrating the exact exploit it promises to prevent.


Bubblemaps revealed that 50% of Rugproof's tokens were "bundled at launch" through suspicious wallet activity.


The project's creator distributed $SOL to 162 different wallets, which then purchased half the token supply.


This structure mirrors classic rug pull setups seen in previous #DeFi exploits.

Rugproof's team details, tokenomics, and smart contract audits remain undisclosed and unverifiable.


The allegations emerge as the #memecoin sector rallied to $85 billion in July, up 54% from June.

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July 30, 2025 at 12:22 AM
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