tl;dr
Doraemon (DORAE), a meme coin based on Solana, has experienced a rug pull, resulting in nearly 100% losses for DORAE holders, amounting to $1.45 million. LookOnChain, a blockchain data analysis firm, reported that the deployer of Doraemon dumped 2.5 million DORAE tokens for 10,538 Solana tokens, val...
Doraemon (DORAE) has suffered a rug pull, resulting in almost 100% losses for holders, totaling $1.45 million. LookOnChain revealed that someone linked to the Doraemon deployer dumped 2.5 million DORAE tokens for 10,538 Solana tokens, valued at $1.45 million. The perpetrator then exchanged all the DORAE tokens for SOL within six hours, leading to a 99% price drop in Doraemon.
Rug pulls, exemplified by the Doraemon incident, raise significant concerns in the cryptocurrency market. They erode investor trust and stress the importance of conducting thorough due diligence. These scams involve developers abruptly withdrawing liquidity from a project, leaving investors with substantial losses and weakening confidence in the crypto market.
This deceptive practice is all too common, with notable figures facing backlash for promoting questionable projects, as seen with singer-songwriter Jason Derulo. His endorsement of a meme coin led to a 72% plunge within minutes, sparking scam allegations and underscoring the need for diligent research in the crypto space.
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Industry: Technology
Sector: General
Support Levels: None
Resistance Levels: None
Bullish Trend: 0
Bearish Trend: 0
RSI: 0
Moving Averages: None
Breakouts: 0
Head and Shoulders Pattern: 0
Bollinger Bands: 0
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Industry: TRADE & SERVICES
Sector: SERVICES-MISCELLANEOUS
Sub-Sector: AMUSEMENT & RECREATION
Market Cap: 2095337000
Dividend Yield: None
EPS: None
P/E Ratio: -0.17
Price/Earnings to Growth Ratio: 10.48
Price/Book Ratio: -0.0158
Volume: 746228000
Stock Price: 10.03
Dividend: 0
Yield: 0.888
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Industry: MANUFACTURING
Product: GLASS CONTAINERS
Market Cap: 1.709827 billion
Dividend Yield: None
EPS: -1.54
Stock Price: 44.43
Price/Earnings Ratio: -0.0345
Volume: 6.867 billion
RSI: 18
Moving Average: -0.651
Bollinger Bands: -0.13