{"id":547214,"date":"2023-08-14T21:00:52","date_gmt":"2023-08-14T21:00:52","guid":{"rendered":"https:\/\/uniquehot.com\/?p=547214"},"modified":"2024-06-11T08:33:12","modified_gmt":"2024-06-11T08:33:12","slug":"bald-deployer-moves-proceeds","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bald-deployer-moves-proceeds\/","title":{"rendered":"BALD Deployer Moves Proceeds Of The Rug From Base To Ethereum"},"content":{"rendered":"

In a shocking turn of events, the developer behind the controversial meme coin BALD initiated<\/span><\/a> a series of significant transactions, raising eyebrows within the cryptocurrency community. The events surrounding the deployer\u2019s recent actions have left both the coin’s value and its reputation teetering on the edge.<\/span><\/p>\n

BALD Deployers Send Funds To Kraken Exchange<\/span><\/h2>\n

Blockchain analysis platform Lookonchain has revealed<\/span><\/a> that the deployer of the BALD token has executed audacious moves, bridging a staggering 7,000 ETH ($12.9 million) out of the Coinbase Layer 2 network, Base.<\/span><\/p>\n

Of the 7,000 ETH that has been sent to the Ethereum network, the deployer sent <\/span>2,100<\/span> ETH ($3.87 million)<\/span> in two different transactions<\/span> to the Kraken crypto exchange, for purposes that can only be for selling.<\/span><\/p>\n

Related Reading: Bitcoin-Friendly Javier Milei Wins Presidential Primaries In Argentina<\/a><\/div>\n

Following this, the BALD deployer currently holds 4,902 ETH in their balance on the Ethereum blockchain, worth over $9 million at current prices. The wallet\u2019s tokens holdings also remain significant, sitting at $1.115 million at the time of this writing.<\/span><\/p>\n

The recent transactions have now dredged up speculations about who the BALD deployer might be. On-chain investigator ZachXBT previously lent his expertise to the investigations, with findings pointing toward an X (formerly Twitter) user who goes by the username @milkyway16eth due to a previous transaction between the deployer wallet and Milkyway\u2019s wallet. However, there is yet to be any concrete proof if Milkyway is actually the brains behind the rug.<\/span><\/p>\n

A Rollercoaster For Investors<\/span><\/h2>\n

The BALD meme coin started making the rounds on X (formerly Twitter) shortly after being launched on Base<\/a>. The coin which was named after Coinbase\u2019s CEO Brian Armstrong\u2019s bald head rose rapidly, climbing more than 289,000% in less than two days.<\/span><\/p>\n

This growth rate served as an attraction for investors, who bridged quickly to the ETH blockchain to invest in the token. It continued to rise, crossing a $70 million market amid the euphoria. However, this would end up being short-lived.<\/span><\/p>\n

Related Reading: More Selling? Bankrupt Voyager Sends Millions In SHIB And ETH To Coinbase<\/a><\/div>\n

On August 1, the BALD deployer pulled liquidity from the token<\/span><\/a>, making off with 10,705 ETH ($20 million at the time). The coin\u2019s price declined rapidly after this, although the official X account for BALD continued to deny that it was a rug pull.<\/span><\/p>\n

Although BALD continues to trade on the Base network, it has been unable to reclaim its past glory. Its price is down over 90% from its all-time high and recorded 18% losses in the last 24 hours alone, according to data from Coinmarketcap. Its daily trading volume is sitting at $503,000 and its market cap is $9.03 million.<\/span><\/p>\n

\"Crypto<\/p>\n

Total market cap recovers to $1.154 trillion | Source: Crypto Total Market Cap on Tradingview.com<\/a><\/pre>\n
Featured image from Publish0x, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
In a shocking turn of events, the developer behind the controversial meme coin BALD initiated a series of significant transactions, raising eyebrows within the cryptocurrency community. The events surrounding the deployer\u2019s recent actions have left both the coin’s value and its reputation teetering on the edge. BALD Deployers Send Funds To Kraken Exchange Blockchain analysis platform Lookonchain has revealed that the deployer of the BALD token has executed audacious moves, bridging a staggering 7,000 ETH ($12.9 million) out of the Coinbase Layer 2 network, Base. Of the 7,000 ETH that has been sent to the Ethereum network, the deployer sent 2,100 ETH ($3.87 million) in two different transactions to the Kraken crypto exchange, for purposes that can only be for selling. Related Reading: Bitcoin-Friendly Javier Milei Wins Presidential Primaries In Argentina Following this, the BALD deployer currently holds 4,902 ETH in their balance on the Ethereum blockchain, worth over $9 million at current prices. The wallet\u2019s tokens holdings also remain significant, sitting at $1.115 million at the time of this writing. The recent transactions have now dredged up speculations about who the BALD deployer might be. On-chain investigator ZachXBT previously lent his expertise to the investigations, with findings pointing toward an X (formerly Twitter) user who goes by the username @milkyway16eth due to a previous transaction between the deployer wallet and Milkyway\u2019s wallet. However, there is yet to be any concrete proof if Milkyway is actually the brains behind the rug. A Rollercoaster For Investors The BALD meme coin started making the rounds on X (formerly Twitter) shortly after being launched on Base. The coin which was named after Coinbase\u2019s CEO Brian Armstrong\u2019s bald head rose rapidly, climbing more than 289,000% in less than two days. This growth rate served as an attraction for investors, who bridged quickly to the ETH blockchain to invest in the token. It continued to rise, crossing a $70 million market amid the euphoria. However, this would end up being short-lived. Related Reading: More Selling? Bankrupt Voyager Sends Millions In SHIB And ETH To Coinbase On August 1, the BALD deployer pulled liquidity from the token, making off with 10,705 ETH ($20 million at the time). The coin\u2019s price declined rapidly after this, although the official X account for BALD continued to deny that it was a rug pull. Although BALD continues to trade on the Base network, it has been unable to reclaim its past glory. Its price is down over 90% from its all-time high and recorded 18% losses in the last 24 hours alone, according to data from Coinmarketcap. Its daily trading volume is sitting at $503,000 and its market cap is $9.03 million. Total market cap recovers to $1.154 trillion | Source: Crypto Total Market Cap on Tradingview.com Featured image from Publish0x, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":547220,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[88746,89120,89118,87903,89119],"class_list":["post-547214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bald","tag-bald-deployer","tag-bald-token","tag-base","tag-base-layer-2"],"acf":[],"yoast_head":"\nBALD Deployer Moves Proceeds Of The Rug From Base To Ethereum<\/title>\n<meta name=\"description\" content=\"In a shocking turn of events, the developer behind the controversial meme coin BALD initiated a series of significant transactions, raising eyebrows\" \/>\n<meta name=\"robots\" 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"BALD Deployer Moves Proceeds Of The Rug From Base To Ethereum","url":"http:\/\/uniquehot.com\/news\/bald-deployer-moves-proceeds\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bald-deployer-moves-proceeds\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Rug-pull-BALD-deployer.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Rug-pull-BALD-deployer.png?fit=480%2C269"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bald","bald deployer","bald token","base","base layer 2"],"dateCreated":"2023-08-14T21:00:52Z","datePublished":"2023-08-14T21:00:52Z","dateModified":"2024-06-11T08:33:12Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"BALD Deployer Moves Proceeds Of The Rug From Base To Ethereum\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bald-deployer-moves-proceeds\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bald-deployer-moves-proceeds\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/Rug-pull-BALD-deployer.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/Rug-pull-BALD-deployer.png?fit=480%2C269\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bald\",\"bald deployer\",\"bald token\",\"base\",\"base layer 2\"],\"dateCreated\":\"2023-08-14T21:00:52Z\",\"datePublished\":\"2023-08-14T21:00:52Z\",\"dateModified\":\"2024-06-11T08:33:12Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Rug-pull-BALD-deployer.png?fit=480%2C269","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/547214"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=547214"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/547214\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/547220"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=547214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=547214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=547214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}