Rug Pull Alert: MEME, MEMEPAD, and TITANX Replicas Lose 100% Each

• PeckShield has reported multiple rug pulls in the past hour.
• The rug pull involved separate meme coins, whose values dropped by 100%.
• Replicas of MEME, MEMEPAD, and TITANX were all created by scammers.

PeckShield, an industry-leading blockchain security company, has reported multiple rug pulls in the past hour. The rug pulls involved separate meme coins whose values dropped by 100%, with those behind them swapping the native tokens to ETH.

#PeckShieldAlert #Slippage Memecoin $MEME on #Ethereum has dropped -100%

0xBd72…5871 has swapped 4,854,740,126,240,000 $MEME for ~43.68 $ETH

*Note*: The #rugpull token shares the same name as the legitimate ones pic.twitter.com/Ew9ZfIMzUl

— PeckShieldAlert (@PeckShieldAlert) October 30, 2023

The security company listed the affected meme coins, each of which bore a name that mimicked another existing meme coin. The affected meme coins were: MEME, MEMEPAD, and TITANX, all created on the Ethereum blockchain.

PeckShield, through its alert platform, shared details of the rug pull, including the wallet addresses used to carry out the operation. The first address swapped all the MEME in the meme coin’s wallet for approxim…

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