$FRAX

FRAX
FRAXUSDT
0.7886
-5.73%

The $RALPH token, a meme coin on the Base network, suffered a catastrophic$SKY

SKY
SKYUSDT
0.0624
+3.32%

crash on January 22, 2026. Its market cap plummeted from a peak of$PLUME

PLUMEEthereum
PLUMEUSDT
0.01211
+3.50%

$50 million to approximately $7.9 million after the developer, Geoffrey Huntley, sold $300,000 worth of tokens.

​While the developer framed the move as "de-risking," the sudden liquidity drain caused the price to drop over 80%. Adding to the community's outrage, the contract continued to collect trading fees even as holders faced massive losses.

#RALPH