There’s a growing rumor in the Solana ecosystem about rug pulls following the uncertain outcome of the recent presale of the CONDOM meme coin.
This fundraising project, which has realized a total of 4,965 SOL ($906,000) on the X platform, suddenly vanished after somebody removed its X page, which created traits of a scam among investors.
Harfordton, better known as User X, warns against unquestioned investment in projects that may become fashionable trending stories later. Harfordton, with over 50,000 followers, is a prominent figure in the crypto community. He’s known for his influential voice, raising awareness about potential dangers in cryptocurrencies. His messages resonate widely, urging caution among active community members.
Recent tracking reveals that both institutional investors and smaller retail investors have been misusing crypto funds for speculative meme coin trading. This misuse has led to increased skepticism surrounding the growth of Solana’s meme coin community.
Also Read: Solana Labs Co-Founder Releases BunkerCoin Whitepaper
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