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IBX's $ARTIC token launch has sparked controversy and allegations of a rug pull. The pre-sale, which was 700% oversubscribed with 25 hours to go, raised over 160,000 SOL, equivalent to $24 million, but only 65,000 SOL ($9.7 million) was refunded. The ARTIC token was launched at a $50 million market cap. Orderly Network, initially associated with IBX, has denied any endorsement and announced it will cut off future cooperation with IBX. MEXC has postponed the listing of the ARTIC token amid these developments.
🚨NEW: @IBXtrade's $24M Presale Sparks Allegations of Foul Play as $ARTIC Token Plummets https://t.co/N5x4MMQd0Q
🚨 RUG PULL ALERT! 🚨 @IBXtrade, incubated by Orderly Network, launched a presale to raise $3.2M but ended up raising over 160K SOL ($24M). They ran a poll on their own website to increase the cap, refunding only 65K SOL ($9.7M). ARTIC token was launched at $50M MCAP and… https://t.co/U43Pe8coHw
IBX ($ARTIC), which raised more than 160,000 SOL in pre-sale, is currently suspected to be RUG. Orderly Network retweeted its content, but now said that it has no endorsement and will cut off future cooperation. MEXC has issued an announcement to postpone its listing time.…
