Bubblemaps, a blockchain analytics firm, has raised alarms regarding Rugproof, a Solana-based launchpad purporting to protect investors from rug pulls. Despite its claims, Bubblemaps suggests the project could be executing a rug pull itself. Citing suspicious launch activities, Bubblemaps reveals that 50% of Rugproof's tokens were bundled at launch, indicating a deceptive structure. The team behind Rugproof remains anonymous, with no clear project details or verification of its tokenomics or smart contracts. Analysts used Bubblemaps’ visual tools to track on-chain data, highlighting that the token creator transferred Solana to 162 wallets, which subsequently purchased half of the token supply. This setup is reminiscent of past rug pulls, as it creates an illusion of decentralization while being controlled by a single entity. Meanwhile, Rugproof claims to provide zero-risk early investments and lifetime rewards, but the veracity of these claims is under scrutiny. The issue surfaces during a time when the memecoin market is experiencing significant growth, further complicating the landscape.

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