A textbook rug pull:
After TGE, Berachain's former star project @puffpaw manipulated its price, sacrificing the entire project just to profit on Polymarket.
After issuing its governance token $VAPE, the team controlled about 97% of the supply and used very little liquidity to pump the token's price to a $300-400M FDV, before quickly dumping it.
All that for a chance to make $10,000 on a prediction market.
#Rugpull #Polymarket
After TGE, Berachain's former star project @puffpaw manipulated its price, sacrificing the entire project just to profit on Polymarket.
After issuing its governance token $VAPE, the team controlled about 97% of the supply and used very little liquidity to pump the token's price to a $300-400M FDV, before quickly dumping it.
All that for a chance to make $10,000 on a prediction market.
#Rugpull #Polymarket
