Another cautionary tale in the crypto markets. A token surged to nearly 60M market cap today, only for the development team to execute an instant rug pull. Investors caught holding the bag face total losses. These episodes underscore the critical importance of thorough due diligence before deploying capital into emerging projects. Always scrutinize team backgrounds, smart contract audits, and community legitimacy. The speed of this collapse—from peak hype to zero—is a stark reminder that astronomical gains can evaporate just as rapidly in speculative token launches. Do your homework.