Token

when

Doraemon

<p>A recent event involving the Doraemon token ($DORAE) has sparked significant concern within the crypto community, as detailed by <a href="https://id.tomo.inc/x@lookonchain" target="_blank" rel="noopener">Lookonchain</a>, a blockchain analytics platform.</p> 
<h2 class="wp-block-heading" id="rapid-transaction-rapid-decline">Rapid Transaction, Rapid Decline</h2> 
<p>Lookonchain previously covered a stunning market maneuver from earlier today involving the Doraemon token. Midday yesterday, a single entity dumped 2.5 million $DORAE tokens in exchange for approximately 10,538 SOL (valued at about ~$1.45M) – resulting in an instantaneous -99% correction on the token’s price.&nbsp;</p> 
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   <p lang="en" dir="ltr">Doraemon( <a href="https://twitter.com/search?q=%24DORAE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$DORAE</a> ) rug!🚨<br><br>Someone dumped all 2.5M <a href="https://twitter.com/search?q=%24DORAE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$DORAE</a> for 10,538 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$SOL</a>($1.45M), causing the price to drop by more than 99%!<br><br>1/ Some on-chain data suggests that this person is likely the developer.👇 <a href="https://t.co/5sMPwILkR0" target="_blank">pic.twitter.com/5sMPwILkR0</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1805865928670036419?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 26, 2024</a>
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<p>Besides the fact that this huge transaction had an impact on market prices, it also aroused suspicion of a rug pull since what seemed like the developer’s wallet is related to all of these tokens.</p> 
<p>The transaction sequence began when the wallet, identified as “3TQYNN…yFAccW,” received 304 <a href="https://blockchainreporter.net/price-prediction/solana-price-prediction/">SOL</a> (valued around $41,000) from exchanges such as Kucoin. This wallet then bought a further 2.5 million $DORAE, but sold all of these tokens within six hours gaining a profit of around 10,234 SOL (approx $1.41m) This quick turnover and large profit have raised questions of possible orchestrated market manipulation.</p> 
<h2 class="wp-block-heading" id="investigative-leads-and-developer-involvement">Investigative Leads and Developer Involvement</h2> 
<p>Lookonchain further analyzed that the seller’s wallet might be connected to $DORAE’s original deployer. A separate wallet, tagged as “CEHgjR…Y45a9z,” which had earlier received a colossal 215.7 million $DORAE directly from the deployer’s wallet “CKEfb2…HQWuUR,” was implicated in funneling funds to the seller’s wallet.&nbsp;</p> 
<p>This complex sequence of transfers indicates a likely relationship to the token deployment team, which could mean that they or some insiders are driving dramatic sell-the news dumping in at least one new tape.</p>

Revealed: Dev Suspected in $1.4M Doraemon Token Rug Pull — What You Need to Know

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