CryptoMediaClub
Monday, October 27, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Ethereum

BALD token developer denies rug pull as price falls 85% post-launch

07.08.2023
A A
0
130
VIEWS
ShareShare

A new memecoin on Coinbase’s Base network fell 85% after its developer allegedly pulled 1,034 Ether in liquidity, worth approximately $1.9 million, from the market, according to social media reports and blockchain data. The developer for Bald (BALD) denied making any market sales of the coin, stating, “[I] just added/removed 2 sided liquidity and bought.”

Watching the $BALD chart pic.twitter.com/2lc0HEVlNu

— Whale (@WhaleChart) July 31, 2023

Coinbase’s Base network was launched for builders on July 13. However, its development team has urged ordinary users not to use the network, as it lacks a functioning user interface (UI) for its bridge. The team plans to officially release the network to users in August, at which point a bridge UI will be made available.

Despite these warnings, some investors have sought early returns by buying up assets on the network before it is officially launched. They’ve done so by using development tools to bridge Ether (ETH) from Ethereum to Base without a UI.

On July 29, a pseudonymous developer with the Twitter handle “Bald” announced the launch of the BALD token on Base at address 0x27D2DECb4bFC9C76F0309b8E88dec3a601Fe25a8.

The token gained 289,000% within the first 14 hours of trading. But on July 31, Twitter users began reporting that the token’s deployer account had removed 1,034 ETH in liquidity, causing its price to fall to nearly zero.

$BALD deployer just removed 1034 ETH from Liquidity
Others removed 6,800 eth and 1800 ETH from liq as well https://t.co/A2357QUF0H pic.twitter.com/4lH8LHxv2v

— notEezzy (@notEezzy) July 31, 2023

In a social media post, the BALD developer denied selling tokens through a market order, stating, “I didn’t sell a single token at any point since deployment. Just added/removed 2 sided liquidity and bought.” In response, one coin collector argued that adding two-sided liquidity is, in fact, selling tokens, to which the BALD developer replied, “correct.”

Related: Crypto degens launch 50 alien-themed meme coins

Blockchain data reveals that the BALD token was deployed by account 0xccfa0530b9d52f970d1a2daea670ce58e4176389, which removed 1,009.41 Wrapped Ether (WETH) in liquidity at 12:13 pm UTC on July 31.

Investors have lost significant sums from failed memecoin launches recently. On July 26, over $2 million was lost following the launch of Pond0x, which allegedly contained a faulty transfer function that allowed any user to transfer another user’s tokens without consent.

Share10Tweet6ShareSharePin2

Related Posts

ProShares announces launch of short Ether-linked ETF
Ethereum

ProShares announces launch of short Ether-linked ETF

02.11.2023
0

ProShares, a major issuer of exchange-traded funds (ETF), announced the launch of the short Ether-linked ETF on Nov. 2.ProShares’s new...

Read moreDetails
Slumdog billionaire 2: ‘Top 10… brings no satisfaction’ says Polygon’s Sandeep Nailwal

Slumdog billionaire 2: ‘Top 10… brings no satisfaction’ says Polygon’s Sandeep Nailwal

02.11.2023
Top Swiss bank launches Bitcoin and Ether trading with SEBA

Top Swiss bank launches Bitcoin and Ether trading with SEBA

02.11.2023
Elon Musk slams NFTs but ends up arguing the case for Bitcoin Ordinals

Elon Musk slams NFTs but ends up arguing the case for Bitcoin Ordinals

02.11.2023
3 reasons why Ethereum price is down against Bitcoin

3 reasons why Ethereum price is down against Bitcoin

02.11.2023
Load More
Next Post
What is Worldcoin, and how does it help preserve World ID?

What is Worldcoin, and how does it help preserve World ID?

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

ETF Expectations and Whale Holdings Drive Up XRP and SOL Prices, With Cloud Mining Platform Quid Miner Becoming a New Focus

ETF Expectations and Whale Holdings Drive Up XRP and SOL Prices, With Cloud Mining Platform Quid Miner Becoming a New Focus

1 month ago

Polygon 2.0: Everything You Need to Know About 3 PIPs and Phase 0

2 years ago
US gov’t messed up my $250K Bitcoin price prediction: Tim Draper, Hall of Flame

US gov’t messed up my $250K Bitcoin price prediction: Tim Draper, Hall of Flame

2 years ago
Less than 1% of staked ETH estimated to sell after Shanghai upgrade: Glassnode

Less than 1% of staked ETH estimated to sell after Shanghai upgrade: Glassnode

3 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Your Crypto Isn’t Safe Outside the Blockchain, Vitalik Buterin Warns

Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

XRP Price Prediction: Outpacing Other Altcoins XRP Closes Week Up 11.4% – Momentum Building?

Coinbase CEO Wants Every Startup to Launch, Fund, and IPO Onchain

Coinbase’s x402 AI Payments Protocol Sees 10,000% Surge in Activity

Trending

Bitcoin Nears $116K as Stocks Rally on Signs of Thaw in US-China Trade Tensions
All news

Bitcoin Nears $116K as Stocks Rally on Signs of Thaw in US-China Trade Tensions

27.10.2025
0

Bitcoin climbed 3.6% on Monday to cross $115k, as equities rallied and risk appetite improved on signs...

Sharplink Gaming Adds $80M in Ethereum to Strategic Reserve After Month-Long Lull

Sharplink Gaming Adds $80M in Ethereum to Strategic Reserve After Month-Long Lull

27.10.2025
Ledger Faces Backlash Over New Multisig App Fees Despite Technical Upgrade

Ledger Faces Backlash Over New Multisig App Fees Despite Technical Upgrade

27.10.2025
Your Crypto Isn’t Safe Outside the Blockchain, Vitalik Buterin Warns

Your Crypto Isn’t Safe Outside the Blockchain, Vitalik Buterin Warns

27.10.2025
Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

27.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz