just seen some sus activity🚨

so @flexasaurusrex launched $CABALLER in @rainbow launchpad

he got the 0.5% that Rainbow gives you for launching and 100k more tokens for 4,25$

total cost less than 5$

when some people aped the token and gave him some liquidity, he decided to sell the token for 200$

then claimed fees, 38$ in weth and 28$ in $CABALLER, which he also sold 

I've seen some ppl as @mlawwyr losing some $

PS:
I do not have any hate to Flexasaurus and I think he is free to launch anything and dump it on whoever aped in

I just want to warn my people so they don't lose their $

that's my job.

Art Historian • NFTs • Crypto Assimilator.

🌈 The wallet that rewards you for having fun onchain — Get started at rainbow.me

Does rainbow always allocated its token to deployer??

Semarang, Semarang City, Central Java, Indonesia

yup, 1%

you can choose to keep it all or splitting 50/50 that 1% (0.5 for creator and 0.5% airdropped to users)

he choose to keep 0.5% of supply and airdropping 0.5% to rainbow and Farcaster users (which is good)

but anyways he just spent 5$ and ended up with more than 250$ 

thats a x50

the token went from 35.4k marketcap to 41.6k mcap and now back to 37.6k mcap

the token clearly hasn't made a x50 so the liquidity remaining (people that aped the token)

won't be enough to everyone get their funds back so,

someone is going to loose some $