Neiro Memecoin Developer Makes $2.85M Profit in Apparent Rug Pull

The developer wallet made the $2.85 million profit after printing an over 5,169-fold return on his initial investment of just three Solana

The developer of the Solana-based Neiro memecoin made a $2.85 million profit in an apparent rug pull, according to a July 28 X post by Lookonchain.

The developer wallet made the $2.85 million profit after printing a 5,169-fold return on his initial investment of three Solana (SOL) tokens, which were worth about $550 at the time. The developer initially invested in the memecoin when deploying the token contract.

The developer wallet sold its holdings, which could be a sign of a potential rug pull. In crypto slang, a rug pull is an exit scam that involves insiders quietly selling a large part of their token allocation and exiting the project.

Solana-based memecoin Dogwifhat (WIF) hit a new monthly high on July 18 after an over 41% weekly rally brought it back in the top 50 largest cryptocurrencies by market capitalization.

According to popular memecoin trader Zack Ventura, the next phase of the bull cycle could see the rise of memecoins.

“Memecoins aren't always moving holistically as an asset class, but some tokens are still making new all-time highs,” wrote Ventura in a July 22 X post.

However, some memecoins continue to rally to new all-time highs. Solan-based memecoin Dogwifhat (WIF) hit a new monthly high on July 18.

After a over 41% weekly rally brought it back in the top 50 largest cryptocurrencies by market capitalization, some are speculating that the next phase of the bull cycle could be heralded by memecoins.

While memecoins aren’t always moving holistically as an asset class, some tokens are still soaring to new all-time highs.

Solana-based memecoin Dogwifhat (WIF) hit a new monthly high on July 18, after an over 41% weekly rally brought it back in the top 50 largest cryptocurrencies by market capitalization.

According to popular memecoin trader Zack Ventura, the next phase of the bull cycle could see the rise of memecoins.

“Memecoins aren't always moving holistically as an asset class, but some tokens are still making new all-time highs,” wrote Ventura in a July 22 X post.

While memecoins aren’t always moving holistically as an asset class, some tokens are still making new all-time highs. Solan-based memecoin Dogwifhat (WIF) hit a new monthly high on July 18.

After a over 41% weekly rally brought it back in the top 50 largest cryptocurrencies by market capitalization, some are speculating that the next phase of the bull cycle could be heralded by memecoins.

According to popular memecoin trader Zack Ventura, the next phase of the bull cycle could see the rise of memecoins.

“Memecoins aren't always moving holistically as an asset class, but some tokens are still making new all-time highs,” wrote Ventura in a July 22 X post.

While memecoins aren’t always moving holistically as an asset class, some tokens are still making new all-time highs. Solan-based memecoin Dogwifhat (WIF) hit a new monthly high on July 18.

After a over 41% weekly rally brought it back in the top 50 largest cryptocurrencies by market capitalization, some are speculating that the next phase of the bull cycle could be heralded by memecoins.

According to popular memecoin trader Zack Ventura, the next phase of the bull cycle could see the rise of memecoins.

“Memecoins aren't always moving holistically as an asset class, but some tokens are still making new all-time highs,” wrote Ventura in a July 22 X post.

While memecoins aren’t always moving holistically as an asset class, some tokens are still making new all-time highs. Solan-based memecoin Dogwifhat (WIF) hit a new monthly high on July 18.

After a over 41% weekly rally brought it back in the top 50 largest cryptocurrencies by market capitalization, some are speculating that the next phase of the bull cycle could be heralded by memecoins.

According to popular memecoin trader Zack Ventura, the next phase of the bull cycle could see the rise of memecoins.

“Memecoins aren't always moving holistically as an asset class, but some tokens are still making new all-time highs,” wrote Ventura in a July 22 X post.

While memecoins aren’t always moving holistically as an asset class, some tokens are still making new all-time highs. Solan-based memecoin Dogwifhat (