Nimbus Token Rugpulls $1.04M on Solana — 93% Price Collapse as Liquidity Vanishes

Nimbus token on Solana executed a textbook rugpull on April 12, draining $1.04 million from investors in a coordinated exit scam. The token price collapsed 93% in 24 hours as developers systematically withdrew liquidity from decentralized exchanges.

The attack followed standard rugpull mechanics: developers pulled liquidity from pools while simultaneously dumping their token holdings. Remaining liquidity dropped to approximately $4,000, effectively destroying any exit opportunities for retail holders. The coordinated nature suggests premeditated fraud rather than organic selling pressure.

Dexscreener data shows the liquidity drain occurred rapidly, leaving thousands of holders unable to exit positions. The token's trading volume spiked during the initial dump phase before collapsing as remaining liquidity evaporated. No official statement from the Nimbus team has emerged.

The incident highlights ongoing risks in Solana's meme token ecosystem, where low deployment costs enable frequent rug operations. Traders should verify liquidity lock mechanisms and team token allocations before entering positions. The $1.04M loss adds to Solana's growing tally of exit scam casualties this quarter.