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Liquidity protocol Lena Network had a Rug Pull today, and deployers made profits of over US$2.9 million

Liquidity protocol Lena Network had a Rug Pull today, and deployers made profits of over US$2.9 million

CointimeCointime2024/03/06 14:14
By:Cointime

As shown by Etherscan data, the recently launched liquidity protocol Lena Network Deployer transferred 753.11 ETH (worth about 2.9 million USD) to an address related to the OKX platform at 10:00 today, causing the Candy token to drop. This event occurred a few hours before Lena Network announced that it officially gave up ownership of the token contract. Its Candy token fell more than 87% after the protocol rug, dropping from a daily high of $3.08 to $0.38. As of press time, the protocol has not responded to this event. According to the announcement of the protocol, Lena Network raised a total of more than 850 ETH (worth 3.2 million USD) for the issuance of its Candy token, which ended on March 3. The Candy token went online earlier today but then plummeted.

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