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Thursday, July 4, 2024
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HomeFinanceRug pull feared as Safereum devs reportedly unlock and dump native token
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Rug pull feared as Safereum devs reportedly unlock and dump native token

The crypto group has been left fearing the worst after seeing enormous sums of liquidity drained from the cryptocurrency mission Safereum simply hours after its crew had finalized an enormous $600,000 fundraising.

In line with blockchain safety agency CertiK and different analysts, the builders of Safereum — utilizing the token deployment handle “safereum.eth” — unlocked the availability of the token and dumped greater than 600 Ether (ETH) price of its holdings, inflicting the worth of the Safereum (SAFEREUM) token to plunge greater than 94%.

The value of the Safereum token plummeted greater than 95% after builders allegedly rugged the mission. Supply: CoinMarketCap

Proceed Studying on Cointelegraph

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