Recently witnessed a textbook-level rug pull.

A certain token was nearing its unlock date when it suddenly experienced a fierce surge. While everyone was baffled, news broke—the project's business development lead had quit, and before leaving, spread rumors that all tokens had already been dumped, the new team couldn’t handle things, and the early private investors were probably doomed.

So what happened? The token price skyrocketed by 2500%! All the short sellers got completely wrecked. Once the shorts were liquidated, the token took a nosedive right back to where it started.

This whole operation left everyone stunned. Not sure whether to praise the project team’s skill or just admit the market is too easy to fool 😂