#BALD Price Suddenly Plunges 90% after #Token Deployer Cashed Out Liquidity En Masse.

BALD price dropped by nearly 90 percent in the past 24 hours to trade around $0.00616 on Tuesday with its liquidity at about $43k.

#cryptocurrency traders flocked into a memecoin based on Coinbase-backed Ethereum #layer2 (L2) scaling solution, Base network, dubbed BALD token in the past few days in the hope of catching some uptrend profits. However, BALD traders were surprised with a rug pull card after the deployer removed the majority of Ether liquidity, causing the price to suddenly plunge.

According to the latest crypto market data provided by CoinGecko, BALD’s price traded around $0.00616 during the early Asian market session on Tuesday.