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Meme Coin Flagged Rug Pull, Developers Bag Over $1M -Breaking

by Mike Robinson

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Meme Coin Flagged Rug Pull Developers Grab More Than $1M
  • Meme rug pull that is flagged with a coin
  • Cryptocurrency developers have a net worth of over $1,000,000

In terms of both technology and profitability, the crypto world is amazing. Fraudsters profit from this industry feature for their own gain. This type of situation isn’t new to the crypto industry. These kinds of situations are common in the crypto world every day.

Meme tokens, such as Squid Game, have recently been introduced. ()Tsuzuki Iu and Tsuzuki Coin, which is a game meme coin used in crypto, were flagged as rug-pulling. TsuzukiInu was the term used by the developers to describe how they obtained the liquidity for the crypto. The amount of money that the developer’s bag amounts to over $1 million. The tweet was posted by Watcher.Guru a crypto enthusiast.

This tweet was created by Watcher.Guru and explains the Tsuzuki Inu Crypto developers’ recent rug pulling transaction. The crypto developers converted funds to ETH and USDC. The result was a drastic drop in price, which left all investors on the platform without a penny.

However, crypto markets continue to recover from their bearish downturn in the last months. The total crypto market capitalization has risen by +.1% over the last 24 hours. This price structure attracts crypto investors.

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