{"id":545644,"date":"2023-08-03T14:02:13","date_gmt":"2023-08-03T14:02:13","guid":{"rendered":"https:\/\/wncen.com\/?p=545644"},"modified":"2024-06-11T08:59:04","modified_gmt":"2024-06-11T08:59:04","slug":"all-hype-bald-meme-coins-volume-shaved-by-96","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/all-hype-bald-meme-coins-volume-shaved-by-96\/","title":{"rendered":"All Hype? BALD Meme Coin’s Volume Shaved By 96%"},"content":{"rendered":"

A sequence of unfortunate developments has struck BALD meme coin enthusiasts, as the once-shining (no pun intended) digital asset has experienced a jaw-dropping 96% decline in trading volume.\u00a0<\/span><\/p>\n

The root cause of this worrying situation stems from the withdrawal of more than 6,000 Ether in liquidity from the meme coin’s smart contracts, an action that has cast a foreboding cloud over the asset’s prospects. <\/span><\/p>\n

Removing such a substantial amount of liquidity had an immediate and profound impact, triggering an abrupt and steep decline in BALD’s price.<\/span><\/p>\n

Related Reading: Kaspa (KAS) Takes Off With 23% Burst \u2013 What\u2019s Fueling The Thrust?<\/a><\/div>\n

Currently, the price of BALD stands at $0.01101692, according to\u00a0<\/span>CoinGecko data<\/span><\/a>. Within the past 24 hours, BALD has experienced a significant price decline of 57.31%.<\/span><\/p>\n

Explosive Rise And Suspicion Surrounding BALD Coin<\/strong><\/h2>\n

BALD coin underwent an unprecedented surge in value within a single day immediately after its launch. However, this meteoric rise was soon followed by a sequence of perplexing actions that cast a shadow of doubt over the project’s legitimacy.<\/span><\/p>\n

The vigilant eyes of the Onchain Intrigue Telegram Channel turned towards\u00a0<\/span>BALD’s wallet activities<\/span><\/a> (see image below) after a sudden withdrawal of liquidity. This subsequent investigation brought to light a set of alarming indications commonly associated with a phenomenon known as a “rug pull.” <\/span><\/p>\n

\"\"<\/p>\n

Source: Onchain Intrigue Telegram Channel<\/span><\/pre>\n
In the intricate world of cryptocurrencies, a rug pull constitutes a type of scam in which the creators or promoters of a token vanish after attracting investment, leaving participants high and dry with their funds pilfered.<\/span><\/p>\n
Rug pulls have earned a notorious reputation in cryptocurrency, particularly in decentralized finance (DeFi). These incidents transpire when developers execute an elaborate ruse, projecting an image of authenticity around their project, only to swiftly abscond after removing the liquidity, leaving investors in the lurch.<\/span><\/p>\n
Darkening Clouds Of Skepticism<\/strong><\/h2>\n
Compounding the unease, recent speculation has arisen linking BALD coin to Alameda, a prominent quantitative cryptocurrency trading firm. While these connections are yet to be substantiated, the mere existence of such ties threatens to deepen the ongoing crisis surrounding BALD.<\/span><\/p>\n
<\/p>\n
Bitcoin holds at $29K on TradingView.com<\/a><\/pre>\n
This potential association also raises pertinent questions about the community’s trust in analogous projects, further amplifying the sense of uncertainty that shrouds the cryptocurrency landscape.<\/span><\/p>\n
Related Reading: Binance Coin (BNB) Price Gears Up For A 10% Upswing \u2013 Here\u2019s How<\/a><\/p>\n
\"\"<\/p>\n
BALD seven-day price action: Source: Coingecko<\/pre>\n
Meanwhile, after the troubles that hit BALD, there’s a new start in sight. A <\/span>new BALD token<\/span><\/a>\u00a0has been introduced; this time, it’s designed with locked liquidity. This move is meant to bring back hope and trust to the project. <\/span><\/p>\n
It shows that the people behind BALD are determined to make things right and regain the confidence of those who believed in them.<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from Yahoo Finance\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
A sequence of unfortunate developments has struck BALD meme coin enthusiasts, as the once-shining (no pun intended) digital asset has experienced a jaw-dropping 96% decline in trading volume.\u00a0 The root cause of this worrying situation stems from the withdrawal of more than 6,000 Ether in liquidity from the meme coin’s smart contracts, an action that has cast a foreboding cloud over the asset’s prospects. Removing such a substantial amount of liquidity had an immediate and profound impact, triggering an abrupt and steep decline in BALD’s price. Related Reading: Kaspa (KAS) Takes Off With 23% Burst \u2013 What\u2019s Fueling The Thrust? Currently, the price of BALD stands at $0.01101692, according to\u00a0CoinGecko data. Within the past 24 hours, BALD has experienced a significant price decline of 57.31%. Explosive Rise And Suspicion Surrounding BALD Coin BALD coin underwent an unprecedented surge in value within a single day immediately after its launch. However, this meteoric rise was soon followed by a sequence of perplexing actions that cast a shadow of doubt over the project’s legitimacy. The vigilant eyes of the Onchain Intrigue Telegram Channel turned towards\u00a0BALD’s wallet activities (see image below) after a sudden withdrawal of liquidity. This subsequent investigation brought to light a set of alarming indications commonly associated with a phenomenon known as a “rug pull.” Source: Onchain Intrigue Telegram Channel In the intricate world of cryptocurrencies, a rug pull constitutes a type of scam in which the creators or promoters of a token vanish after attracting investment, leaving participants high and dry with their funds pilfered. Rug pulls have earned a notorious reputation in cryptocurrency, particularly in decentralized finance (DeFi). These incidents transpire when developers execute an elaborate ruse, projecting an image of authenticity around their project, only to swiftly abscond after removing the liquidity, leaving investors in the lurch. Darkening Clouds Of Skepticism Compounding the unease, recent speculation has arisen linking BALD coin to Alameda, a prominent quantitative cryptocurrency trading firm. While these connections are yet to be substantiated, the mere existence of such ties threatens to deepen the ongoing crisis surrounding BALD. Bitcoin holds at $29K on TradingView.com This potential association also raises pertinent questions about the community’s trust in analogous projects, further amplifying the sense of uncertainty that shrouds the cryptocurrency landscape. Related Reading: Binance Coin (BNB) Price Gears Up For A 10% Upswing \u2013 Here\u2019s How BALD seven-day price action: Source: Coingecko Meanwhile, after the troubles that hit BALD, there’s a new start in sight. A new BALD token\u00a0has been introduced; this time, it’s designed with locked liquidity. This move is meant to bring back hope and trust to the project. It shows that the people behind BALD are determined to make things right and regain the confidence of those who believed in them. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Yahoo Finance\u00a0<\/p>\n","protected":false},"author":557,"featured_media":545654,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,3],"tags":[88746,1144,8686,83767,4735,89014],"class_list":["post-545644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all","category-news","tag-bald","tag-btcusd","tag-ethusd","tag-meme-coins","tag-price-action","tag-rugpull"],"acf":[],"yoast_head":"\nAll Hype? 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"All Hype? 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