Rug pull fears emerge after obscure meme coin surges 10,000% on Coinbase-backed Base network
Several crypto degen traders have made huge profits from trading the memecoin.
Follow memecoin news, launches, community-driven rallies, trading mania, and the cultural forces behind viral crypto tokens.
New facts and evidence could counter Musk's previous attempts to dismiss the case.
Snek is the first Cardano meme coin to make a notable impact - growing 23,000% in market cap since being listed on SundaeSwap several weeks ago.
Elon Musk takes a cautious yet affectionate stance on Dogecoin, as he calls it his favorite cryptocurrency for its humor, while advising against overinvestment at The Wall Street Journal's CEO Summit.
The project raised $7 million but has not yet distributed 90% of allocated funds.
Explore the PSYOP token drama as its creator accuses a rival of imitation, and an independent media studio condemns the project as a scam from top to bottom.
Bitboy defended his sales, saying the BEN token has a new backer struggling to move funds through traditional accounts.