Entrepreneur's Meme Token Rug Pull Nets $1.48M, Tweet Deleted

An entrepreneur launched a Meme token and conducted a rug pull, profiting $1.48 million, and has now deleted the promotional tweet.

This news highlights the growing trend of Meme tokens, which are digital assets that often feature humorous or satirical content. The entrepreneur in question created a Meme token and promoted it on Twitter, attracting a large number of investors. However, they then conducted a rug pull, which involves abruptly selling all of their tokens and disappearing with the profits. In this case, the entrepreneur made off with $1.48 million before deleting the promotional tweet.

This incident serves as a reminder of the risks associated with investing in Meme tokens and other similar digital assets. While these tokens can offer significant returns, they are often subject to market manipulation and fraud. Investors should always conduct thorough research and be cautious when investing in these types of assets.