$723K Dunald Tremp Meme Coin Rug Pull: 93% Price Collapse as Liquidity Vanishes on Solana

The dunald tremp on chair ($dunald) meme token on Solana suffered a devastating rug pull April 12th, losing 93% of its value in a single day. The token's liquidity evaporated to just $4,000 as developers executed a coordinated exit scam, leaving traders with $723,000 in estimated losses.

The attack followed the classic meme coin rug pull playbook. Developers gradually drained liquidity pools while maintaining token marketing and social media presence. Trading volume remained elevated until the final liquidity pull, suggesting many holders were unaware of the ongoing drain until it was too late.

Dexscreener data shows the token's liquidity pool address 8ybyfsenmb8u9tlrtggvix6zr1kdsk9ksazqswh7umwe went from substantial backing to nearly empty within hours. The timing coincided with reduced social media activity from the project's official accounts, a common warning sign before rug pulls.

This incident adds to Solana's growing reputation as ground zero for meme coin rug pulls. The low transaction costs and ease of token deployment make the chain attractive for quick exit scams. Traders should verify liquidity lock mechanisms and team doxxing before entering meme coin positions.

Market participants should watch for similar patterns: sudden social media silence, gradual liquidity reductions, and concentrated selling pressure from early wallet addresses. The dunald incident reinforces why position sizing and exit strategies remain critical in the volatile meme coin sector.