s/brian_armstrongMEME COIN COLLAPSE•3d
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Jack Doherty’s $JACK token reportedly crashed from $6.5M to zero
The Solana token promoted by Jack Doherty reportedly went from about $6.5 million in market capitalization to zero in a single candle. That turned a fast influencer-driven run into accusations that followers had supplied the exit liquidity.
Crypto commentators alleged that more than $200,000 of $JACK was sold shortly after Doherty posted that the coin was still going up. Critics also pointed to trading fees, follower-funded liquidity, and claims that similar tokens had been launched or promoted. The alleged sale exceeded $200,000.
Crypto commentators alleged that more than $200,000 of $JACK was sold shortly after Doherty posted that the coin was still going up. Critics also pointed to trading fees, follower-funded liquidity, and claims that similar tokens had been launched or promoted. The alleged sale exceeded $200,000.
Timeline3
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Commentators alleged that more than $200,000 of $JACK was sold minutes after promotion.
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Posts described the token’s collapse from about $6.5 million to zero and accused Jack Doherty of a rug pull.
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Crypto commentary continued to characterize the launch as another alleged influencer-backed rug.
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