Baby Elon coin rug pulls for $179,000

The Baby Elon project on BNBChain rug pulled on June 8, with the token price plummeting 98% as the team withdrew 623 BNB (~$179,000) from the project. They quickly moved the funds to the Tornado Cash cryptocurrency tumbler.

The Baby Elon token is of course not to be confused with Baby Musk, a different BNB Chain-based, baby Elon Musk-themed memecoin that rug pulled in February after a $2 million ICO.