Bubblemaps warns of rug pull risks on Launchpad platform 'Rugproof'

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PANews
07-29
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PANews reported on July 29 that according to Cointelegraph, blockchain analysis platform Bubblemaps has issued a warning about Rugproof, a Solana ecosystem Launchpad platform. Rugproof claims to protect investors from "Rug Pull" scams, but Bubblemaps accuses its issuance structure of being identical to a "Rug Pull". Bubblemaps pointed out that the project creators sent SOL tokens to 162 wallets, which subsequently purchased 50% of the RugProof token supply, a token concentration structure similar to many past "Rug Pull" scams. Additionally, key information such as the project team's identity and token economics remains undisclosed, making verification difficult.

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