The crash of BALD is taking other tokens with it as LEET is also in a freefall.
It appears that things are moving particularly quickly on Base chain.
BALD token is the newest sensation on the network, and it managed to increase by over 40,000% in just a few hours. But the good times may as well be over.
Following news that the team (or person) behind BALD rug pulled, LEET, the token of the largest decentralized exchange on Base – LeetSwap, also plunged by a massive 40% in hours.
Source: CoinGecko
There’s been a couple of official announcements in the past hour on behalf of BALD. The supposed developer said:
I didn’t sell a single token at any point since deployment. Just added/removed 2 sided liquidity and bought.
The other statement is on the ability of the network to handle heavy loads.
Georgi Georgiev is CryptoPotato's editor-in-chief and seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn
