The rug pull occurred hours after the Candy token’s launch.
Recently launched liquidity protocol Lena Network’s Candy (CANDY) token fell over 87% after the protocol suffered a rug pull of 753 Ether, worth $2.9 million at publication time.
The Candy token fell 87% to $0.38 as of 12:48 am UTC, from a daily high of $3.08, recorded at 5:45 am, according to Dexscreener data.
The Candy token fell after on-chain data showed that the Lena Network deployer address had transferred 753.11 Ether (ETH) to an address associated with OKX exchange on March 6, at 2:30 am, according to Etherscan.
