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The Solana memecoin $DORAE experienced a dramatic rise and fall, surging to a $2.42 billion market cap before crashing to under $10 million in less than 12 hours. The crash was triggered by an individual dumping 2.5 million $DORAE for 10,538 $SOL, valued at $1.45 million, causing the price to drop by more than 99%. Some on-chain data suggests that this individual is likely the developer of $DORAE.
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