🚨 Rugproof: The Rug That Rugs Rug Pulls? 🤯

by

Ah, the blockchain, where promises are as solid as a wizard’s hat on a windy day. 🧙‍♂️✨ Bubblemaps, the eagle-eyed analytics platform that makes onchain data look like a game of spot-the-dodgy-wizard, has raised its eyebrow at Rugproof, a Solana-based launchpad that claims to be the knight in shining armor against rug pulls. 🛡️ Or so they say.

Ironically—and isn’t irony the banana peel of the crypto world? 🍌—Bubblemaps reckons Rugproof might be the very rug it claims to prevent. On Monday, they spilled the tea, claiming someone built a “Rugproof Launchpad” just to allegedly “rug” users. Classic, right? Like a clown car, but instead of clowns, it’s full of red flags. 🚩

Rugproof’s website is a masterpiece of optimism, promising “zero-risk early investment, anti-dump mechanics, and built-in rewards for loyal holders.” 🤑 It’s like a fairy tale, but instead of a happy ending, you wake up with your wallet lighter than a feather. 🪶 Bubblemaps, however, says the data tells a different story. Apparently, 50% of the project’s tokens were “bundled at launch.” Bundled, you say? Like a suspicious package left on your doorstep? 📦

CryptoMoon tried to reach out to the Rugproof team, but they’ve gone quieter than a librarian in a silent disco. 🤫

Rugproof Bubble Map

Token Creator Plays Post Office, Sends SOL to 162 Wallets 📬

Using their fancy bubble map—which makes onchain data look like a party popper explosion 🎉—Bubblemaps analysts showed the cozy connections between Rugproof’s tokenholders. The project’s creator, going by the name o93G6B (very catchy, by the way), sent Solana (SOL) tokens to 162 wallets. These wallets then bought half of the token’s supply. 🛒 It’s like a game of pass-the-parcel, but the parcel is your money, and the music stopped ages ago.

This setup? Oh, it’s as classic as a Discworld con. It’s the crypto equivalent of a “fair and decentralized launch,” except it’s about as decentralized as a one-man band. 🎻 The project’s team identities, tokenomics, and smart contract audits are as elusive as a sober dwarf at a pub. 🍻

Bubblemaps, with its interactive bubbles, makes it easy to spot wallet clusters that scream, “I’m controlling this!” 🗣️ On July 15, they shared a bubble map of a project called ALT, which crashed from $190 million to $3 million faster than a troll falling off a bridge. 🌉

Memecoins Go Bullish, Because Why Not? 🐂💨

All this rug-pull drama comes as memecoins are having their moment in the sun. ☀️ On Wednesday, their valuation surged to $85 billion, up 54% from June 30. At the time of writing, it’s corrected to $73 billion, but hey, that’s still a 32% jump. Mercuryo’s CEO Petr Kozyakov says it’s all thanks to Pump.fun, memecoin accessibility, and Bitcoin’s wild ride. 🚀 The mood? “Undoubtedly bullish,” he says. Because nothing says optimism like a market full of coins named after dogs and frogs. 🐶🐸

Read More

2025-07-29 13:15