$723K Evaporates as 'dunald tremp on chair' Token Collapses 95% on Solana

The 'dunald tremp on chair' token ($dunald) on Solana suffered a devastating collapse, plunging 95% in a single 24-hour period as developers executed a classic exit scam. The memecoin's liquidity evaporated from healthy trading volumes to a skeletal $3,000, rendering the token essentially worthless for most holders.

The attack followed a textbook liquidity pull pattern. Developers systematically withdrew funds from the token's liquidity pools while retail traders continued buying the dip. By the time the drain became apparent, exit routes had vanished, trapping investors in a token with no viable market depth.

Estimated losses reached $723,409 across hundreds of wallets, with many traders discovering their positions were unsellable due to insufficient liquidity. The token's contract address 8ybyfsenmb8u9tlrtggvix6zr1kdsk9ksazqswh7umwe now serves as a graveyard for stranded funds.

This incident highlights the persistent risks in Solana's memecoin ecosystem, where minimal barriers to token creation enable rapid deployment of exit scam schemes. The political-themed naming likely attracted FOMO buying, providing perfect cover for the developers' extraction strategy.

Traders should monitor liquidity depth before entering positions in new memecoins and set strict stop-losses. Watch for similar patterns in newly launched tokens with rapid price appreciation but declining liquidity ratios.