Solana Meme Coin Doraemon (DORAE) Crashes 99% in Alleged Developer-Linked Rug Pull

On Wednesday, blockchain data analytics account Lookonchain disclosed suspicious activities surrounding the Solana-based meme coin, Doraemon. This purported scam, known as a rug pull, led to a catastrophic drop in the price of DORAE, the coin’s native token, by more than 99% in just a few hours. Lookonchain’s analysis suggests that a specific wallet involved

Source: CoinOtag