Today we're announcing the launch of 5 new RWAs on @solana
Tokenized ETFs for: Gold, Silver, Platinum, Palladium and Copper
Precious metals โ tokenized, programmable, and onchain
Now live for trading on Solana.
@StalkHQ You have very specific and narrow defense on this situation.
"Sorry Guys $NYC was not a rug pull" is with what every sane person would disagree.
You bring your own bouncy castle to a big party you heavily promoted.
It's inflated with your air, kids pay to jump in during peak hype, it's epic, full, maximum bounce. Then, right at the height of the fun, you quickly let out most of the air.
The castle flops, kids tumble, chaos ensues, most leave disappointed. Later you pump a bit of air back in enough for a sad, half-flat bounce and say:
"Relax, it was my air. I only partially deflated it. The castle is still here, some bouncing continues. This is just normal air resizing."
But most people aren't using "rug" as a 1:1 legal term here.
They're using it to describe the pattern: heavy public promotion by a high-profile figure โ massive retail FOMO inflow โ large liquidity extraction timed at/near absolute peak โ immediate ~80% crash โ partial liquidity return after the damage is done.That's not just "loss via volatility".
Volatility is random price swings. This was predictable downside triggered by a controllable action (the timed withdrawal) right when the promoter-controlled hype was at maximum.