Rugpull caused sentiment around the network to fall. Price of AVAX declined despite the surge in DEX volumes. The activity on the Avalanche [AVAX] network grew materially over the last few weeks. However, despite the attention the Avalanche network is receiving, things could take a turn for the worse on the network.Another day, another rugpullSender, a memecoin project built on the Avalanche network, is under suspicion of executing a rug pull, marked by the disappearance of its X account utilized for fundraising and a significant 70% drop in its valuation.A rug pull typically involves the sudden vanishing of project creators after…
