Solana Launchpad Rugproof Under Fire for Risky Token Launch Activity
Main Idea
Bubblemaps, a blockchain analytics group, raised concerns about Rugproof's token launch, revealing that the creator distributed SOL to 162 wallets which purchased half of the token supply, indicating potential risks.
Key Points
1. Bubblemaps warned about Rugproof's token launch, citing suspicious activity where the creator sent SOL to 162 wallets that bought 50% of the token supply.
2. The lack of public information about Rugproof's project raised further concerns about its legitimacy.
3. Bubblemaps highlighted that wallets involved in the presale had already sold or transferred their tokens, suggesting possible market manipulation.
Description
On July 28, Bubblemaps , a blockchain analytics group, shared warnings about a new Solana SOL-based project called Rugproof .
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