News on November 26, according to Twitter user TechnoArtoria. The “RugPull” event occurred in Snowdog, a Meme project on the Avalanche chain. The internal personnel of the project are suspected of using the hidden “challengeKey”. Through Snowswap, SDOGToken was sold in two large quantities at around 6 o’clock this morning. With a profit of 17 million US dollars, the price of SDOG fell by 90% within half an hour.
TechnoArtoria pointed out. Snowswap’s contract code has not been fully reviewed before. Only insiders know the “challengeKey” situation. And used it to sell huge tokens. This event is a typical “Rug Pull”.