https://www.reddit.com/r/solana/comments/1blp455/solana_scammers_rugging_around_50_mil_a_day_by/ https://www.ctol.digital/news/bonkkiller-meme-coin-scam-rocks-market/ BONKKILLER, a Solana-based meme coin, has deceptively boasted a market cap of $327 trillion, surpassing global GDP and even Bitcoin's market cap. The creator exercises control over more than 90% of the tokens, with a "freeze authority" mechanism inhibiting holders from selling, perpetuating the honeypot scam Similar ventures within the Solana-based meme coin space have resulted in losses amounting to $26.7 million, exhibiting analogous abandonment trends. Research conducted by Blockaid indicates that approximately 50% of Solana presale tokens from November '23 to February '24 were connected to scams, aligning with the surge in popularity of meme coins. Cautions when buying meme tokens from Solana
There are No Real Values in Solana as many Tokens support are Meme Tokens. Scam Tokens just about all, Rugpull, missing liquidity, Honeypot.
Whale has lost $5.8 million on a memecoin, but isn’t selling yet https://crypto.news/whale-has-lost-5-8-million-on-a-memecoin-but-isnt-selling-yet/ A whale who spent approximately $7.68 million on a recently launched memecoin is down 76% on the investment as the token’s price plummets. All happen at Solana Wait, I’ll hold onto my BEER All Rugged pull and Tokens Scam.
