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Alleged rug pull sees WallStreetBets mod dump memecoin valued at $635K

Alleged rug pull sees WallStreetBets mod dump memecoin valued at $635K

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A moderator of the r/WallStreetBets subreddit has allegedly dumped a large portion of the WSB Coin (WSB) token project, causing its price to plummet from an all-time high of $0.00067279 to an all-time low of $0.00004827 in just two days. The creators of the WSB token claimed that there would be no allocation for the team and that 10% of the coins would be reserved for the subreddit. However, just days later, one of the token’s team members started to dump massive amounts of tokens. Another moderator has threatened to report those involved in the dump to the police and the FBI if they don’t reach out.

– A moderator of the r/WallStreetBets subreddit has allegedly dumped a large portion of the WSB Coin (WSB) token project.

– The creators of the WSB token claimed that there would be no allocation for the team and that 10% of the coins would be reserved for the subreddit.

– One of the token’s team members started to dump massive amounts of tokens, causing its price to plummet from an all-time high of $0.00067279 to an all-time low of $0.00004827 in just two days.

– Another moderator has threatened to report those involved in the dump to the police and the FBI if they don’t reach out.

– Community members warned people to refrain from buying the dip as the moderators still have access to 10% of the total supply.

A moderator of the r/WallStreetBets subreddit has allegedly dumped a large portion of the WSB Coin (WSB) token project, causing its price to plummet from an all-time high of $0.00067279 to an all-time low of $0.00004827 in just two days. The creators of the WSB token claimed that there would be no allocation for the team and that 10% of the coins would be reserved for the subreddit. However, just days later, one of the token’s team members started to dump massive amounts of tokens. Another moderator has threatened to report those involved in the dump to the police and the FBI if they don’t reach out. Community members warned people to refrain from buying the dip as the moderators still have access to 10% of the total supply.