BSD token on Base chain rug-pulled by developers, market cap plummets 99% from peak of $50 million
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
According to ChainCatcher, citing GMGN market data, the new token BSD was launched on the Base chain at 4 a.m. today. The market initially expected this token to be a cold start token, which drove its market capitalization sharply higher, peaking above $50 million.
Subsequently, BSD developers removed a large amount of liquidity about half an hour ago, causing the token price to plummet. As of press time, BSD's market capitalization has dropped to $260,000.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now！
You may also like
Crypto prices
More
Bitcoin
BTC
$76,879.63
-1.24%
Ethereum
ETH
$2,474.01
-1.86%
Tether USDt
USDT
$0.9997
+0.02%
BNB
BNB
$716.79
-0.74%
XRP
XRP
$1.4
+0.90%
USDC
USDC
$0.9999
+0.01%
Solana
SOL
$100.59
-0.81%
TRON
TRX
$0.3378
-0.64%
Hyperliquid
HYPE
$78.91
-0.78%
Zcash
ZEC
$1,140.39
+0.47%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now