Did BALD Just Rugpull? Basechain’s Top Meme coin Lost 95% of Its Liquidity

Liquidity is the lifeblood that keeps the market flowing, the oil that keeps the gears of the blockchain turning. But what happens when that liquidity suddenly disappears?

Recently, on-chain analyst, the Data Nerd shared an interesting activity. The Twitter user known as @BaldBaseBald, a significant player in the crypto market, made a move that sent shockwaves through the community. They pulled out most of the liquidity from LeetSwap, a popular decentralized exchange platform.

The most significant transaction occurred recently. @BaldBaseBald withdrew a staggering 7,000 Ether (ETH) and 142 million BALD tokens, equivalent to a whopping $13 million. This move is akin to draining the ocean with a giant siphon.

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Now, @BaldBaseBald holds 12,000 ETH, amounting to an even more astonishing $23 million. However, this move has left LeetSwap in a precarious position. With most of its liquidity gone, the platform’s stability is in question. It’s like a ship in a stormy sea, struggling to stay afloat.

Following this, BALD has lost over 20% of its price in the last hour alone. The price of BALD has seen a significant increase of 97.28% in the past week. In the last 24 hours alone, the price has surged by 73.74%, a testament to the token’s volatility. The 24-hour trading volume for BALD is $899,282.81.

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Felix Küster
Felix Küster

Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. He is also actively involved in the crypto community - both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.

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