We found a scammer that deployed 9,500+ soft rug tokens on @BNBCHAIN since Nov 1 using a token factory contract to launch a new token every 2-4 minutes.
They wash trade to pump the price… then pull liquidity.
Only @Token_Sniffer detects serial rugpull rings like this.
🧵 Thursday Bark & Byte: We're picking back up right where we left from on Tuesday!
3️⃣ What’s a rug pull?
A project hypes, pulls in liquidity, then the dev yanks the funds and disappears.
The token collapses, users get rekt.
It’s the oldest trick in DeFi, just faster on Base.
🧵 Token Sniffer Tuesday: Sniffing the Rugs on @Base 🐾
4.5M pools. Billions in liquidity.
When builders build fast, scammers deploy faster.
Here’s what our nose picked up 👇
🧵 Token Sniffer Tuesday: Sniffing the Rugs on @Base 🐾
4.5M pools. Billions in liquidity.
When builders build fast, scammers deploy faster.
Here’s what our nose picked up 👇
2️⃣ For 2.7M Uniswap v2 pools on Base (60% of all pools) at end of Q3 2025:
⚠️ 73% showed scam/spam traits, 86% in Q3
⛽ 98% had < $1K liquidity
🩸 26% ended in LP drains (“soft rugs”)
🕒 Median pool lifespan: 12 mins
That’s not noise, that’s a signal.
3️⃣ What’s a rug pull?
A project hypes, pulls in liquidity, then the dev yanks the funds and disappears.
The token collapses, users get rekt.
It’s the oldest trick in DeFi, just faster on Base.
2️⃣ At end of Q3 2025:
⚠️ 73% of all Base tokens showed scam/spam traits, 86% in Q3
⛽ 98% of all pools had < $1K liquidity
🕒 Median token lifespan: 12 mins
🩸 26% ended in LP drains (“soft rugs”)
That’s not noise, that’s a signal.
6️⃣ If you’re into horror stories with source code and smart contract, check out the full breakdown to learn how how $690K vanished without a trace: https://t.co/XNXiPmZXAr
#crypto#base#tokensniffer#web3security#rugpulls
🧵🎃 Halloween Horror: The Livecaster Rug and how $690,000 vanished into the night.
It had a slick site.
A trending chart.
And a $4.9M market cap on @base.
But behind the mask was one of the most dangerous token contracts we’ve ever seen.
cc: @buildonbase@baseapp@coinbase
5���⃣ Scammer X didn’t stop here.
They’re reusing code, hiding exploits, faking trends.
Token Sniffer flagged Livecaster before it hit critical mass.
But thousands more are spinning up daily.