$722K Vanishes as Dunald Tremp Memecoin Rug Pull Drains 93% on Solana

The dunald tremp on chair ($dunald) memecoin on Solana suffered a devastating rug pull on April 12, with the token price collapsing 93% as liquidity providers executed a coordinated exit. The pool's liquidity evaporated from healthy levels to just $4,000, leaving traders with $721,694 in losses.

The attack followed the classic liquidity drain playbook. Developers and early holders simultaneously pulled their LP tokens and dumped positions, creating a liquidity death spiral. With insufficient buy-side support, the token became effectively untradeable as slippage reached extreme levels.

Solana's low transaction costs enabled the rapid execution of the rug pull, with multiple large sell orders processed within minutes. The token's contract showed no obvious honeypot mechanisms, suggesting this was a traditional exit scam rather than a technical exploit.

The collapse highlights ongoing risks in Solana's memecoin ecosystem, where political-themed tokens have become prime targets for pump-and-dump schemes. Trading volume spiked to over $2M before the crash, indicating significant retail participation.

Traders should monitor liquidity depth and holder concentration before entering speculative positions. The incident adds to a growing list of Solana memecoin failures this quarter, with regulators likely to scrutinize promotional activities around politically-themed tokens.