$86K Drained as A Long Truck (TRUCK) Token Collapses 90% on Solana

A Long Truck (TRUCK) token on Solana suffered a devastating 90% price collapse within 24 hours as developers executed a classic liquidity pull exit scam. The token's trading pool was drained to just $4,000, effectively killing any meaningful trading activity.

The attack followed a predictable pattern: developers hyped the token to attract initial investment, then systematically withdrew liquidity once sufficient funds accumulated. DexScreener data shows the liquidity vanishing in coordinated transactions, leaving holders unable to exit positions.

Total estimated losses reached $86,321 across multiple wallet addresses. Early buyers who entered during the token's brief pump phase bore the heaviest losses as the price floor collapsed beneath them. The remaining $4K liquidity represents less than 5% of the token's peak pool size.

This incident highlights the continued prevalence of liquidity-based rug pulls on Solana, where low transaction costs enable rapid deployment and abandonment of malicious tokens. Traders should verify locked liquidity and team credentials before entering micro-cap positions.

The TRUCK contract remains active but essentially worthless. No recovery mechanism exists for affected holders, and the depleted liquidity ensures the token cannot regain meaningful value. Similar patterns have emerged across multiple Solana tokens this quarter.