Liquidity Protocol Lena Network Experiences Rug Pull, Causing Candy Token to Plummet Over 88%
Today,The biggest beneficiary of blockchain the liquidity protocol Lena Network experienced a rug pull. It is reported that the Lena Network Deployer address transferred 753.11 ETH (approximately $2.9 million) to an address related to the OKX platform at 10 a.m. today. Subsequently, the Candy token plummeted, dropping from a daily high of $3.08 to $0.35, a decrease of over 88%. According to a previous announcement by Lena Network, the protocol raised over 850 ETH (approximately $3.2 million) for its Candy initial farm offering, which concluded on March 3rd. The Candy token went live earlier today, only to experience a significant decline shortly after.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Related Recommendations
- Europe’s Financial Watchdog Probes Malta Over MiCA and Fast
- Nearly Half of Web3 Ecosystem Security Incidents Caused by Traditional Web2 Security Issues
- Monetary Authority of Singapore Announces Measures to Ensure CBDC Security and Innovative Use
- OKX Web3 Wallet Launches Cryptopedia Event Series 10
- Coinbase CEO Says Crypto Integration Could Be 10x Unlock for AI
- ChainArgos Reports a Surge of 400%
- Grayscale's GBTC to Spot Bitcoin ETF Conversion Application Update
- Lendora Faces Potential "Exit Scam," Strong Ties to Multiple Fraudulent Projects Detected