Solana-Based Meme Coin VDOR Market Cap Surpasses $15 Million, Suspected Rug Pull by UGOR Team

BlockBeats News, March 30th, according to GMGN monitoring, on the Solana blockchain, the Meme coin VDOR has been continuously surging since March 21st, with a stair-step unilateral uptrend in price. Today, its market value surpassed $15 million, with a 10% increase in 24 hours and a trading volume of approximately $1.9 million. Currently, over half of the funds in the top 100 addresses are from the same team (addresses starting with G2YxR).

This team recently operated the Meme coin UGOR in a similar manner. The market value of UGOR surged unilaterally to $23 million on March 19th, then plummeted, falling below $5 million; on March 21st, another sharp decline occurred. On the same day, VDOR was launched and quickly surged above $5 million. The timing coincides highly, suggesting a pump and dump scheme.

BlockBeats Note: Meme coin trading is highly volatile, largely relying on market sentiment and concept hype, with no real value or use case. Investors should be aware of the risks.