Meme Confusing the Crypto Community Is Coin Rug-Pulling: 11 Wallets Emptyed of Goods!

It is estimated that the team may be selling the meme coin on the Solana (SOL) network.

On-chain data and analysis account Lookonchain, in a post shared via Twitter on June 25, mentioned that the team of WaterCoin (WATER), which is on the Solana network and involved the cryptocurrency market with its pre-sale, may be selling.

According to the information shared, it was determined that the developer wallet transferred tokens to some addresses that did not participate in the pre-sale in WATER, which attracted reactions with sponsorships. While the developer drew attention to the fact that he transferred 844.44 million WATER to 11 different wallets, the fact that these 11 wallets turned to sales proved the claims.

The 11 wallets in question sold WATER, making a total profit of 18,600 SOLs, worth $2.35 million.

On the other hand, as soon as WATER was launched, it was revealed that an investor bought 612.23 million WATER, corresponding to 23% of the total supply. The investor spent approximately $2.1 million for this purchase and later sold it, making a profit of $2.9 million.