#SBF Linked to BALD #Rugpull: $25M Liquidity Crunch On Base L2

Rugpulled #memecoin $BALD plummeted 91% in the last 24 hours.

On-chain sleuths detected a link between the deployer’s wallet & Alameda.

$BALD acquired $68 million from i#nvestors in a day.

The short-lived memecoin frenzy on Coinbase’s Layer-2 Base blockchain is marked with its first massive rugpull. The deployer of the Brian Armstrong-themed Bald (BALD) suddenly removed all liquidity for $BALD, which consisted of around 30% of all liquidity on the Base blockchain. The drastic move saw $BALD’s market price tank within a few hours.