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Saturday, December 7, 2024

Leading Base DEX LeetSwap (LEET) Crashes 40% Following Alleged BALD Rug Pull

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It appears that things are moving particularly quickly on Base chain.

BALD token is the newest sensation on the network, and it managed to increase by over 40,000% in just a few hours. But the good times may as well be over.

  • Following news that the team (or person) behind BALD rug pulled, LEET, the token of the largest decentralized exchange on Base – LeetSwap, also plunged by a massive 40% in hours.
Source: CoinGecko
  • There’s been a couple of official announcements in the past hour on behalf of BALD. The supposed developer said:

I didn’t sell a single token at any point since deployment. Just added/removed 2 sided liquidity and bought.

  • The other statement is on the ability of the network to handle heavy loads.

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