Insider Dump? “Base is for Everyone” Token Rugs in 5 Minutes - Lookonchain

Insider Dump? “Base is for Everyone” Token Rugs in 5 Minutes

dethective

/2025.04.17 14:33:22

A token promoted on Base’s official page rugged within 5 minutes, netting an insider over $200K. On-chain analysis shows someone bought ~1.5 ETH of the token just 1 minute before the tweet, then dumped rapidly. Profits were traced to bandemic.base.eth. Nansens Candlestick Inspector helped identify the top seller.

A token created (and shilled) on the official page of Base just rugged in 5 minutes.

Base is for everyone. Especially if you are an insider and can profit 200k.

Let's break down what happened and who sold 👇

1/ The dump was triggered by an address that bought around 1.5 ETH worth of the token just one minute before the official tweet from the Base account.

Then it started selling nonstop.

2/ I used @nansen_ai’s Candlestick Inspector to track down the origin of the dump.

• Simply click on the candle
• Identify the top seller within that specific timeframe.
If you want access to the tool, you can join using my referral link — your support would mean a lot to my research.

https://nsn.ai/dethective

3/ Tracking the Money

The top gainer has already transferred a portion of the profit to an address with the domain name: bandemic.base.eth.

Address: 0x099246ca997acf47ada682c9c60f9ed0954ad960

Relevant content

Why Altcoins Pump (or Dump) on Just $500K: It’s Not Market Cap, It’s Liquidity

Altcoins don’t need billions to pump—just thin liquidity. A $10M market cap coin can 2x with $500K of buy pressure and crash with just $200K of sells. This thread breaks down the role of liquidity vs. market cap, why FDV and unlocks matter, and how smart traders exploit low float tokens for explosive gains.

cyclop/3 days ago

Altcoins Liquidity CryptoEducation

Why $USELESS Could Be the Next Viral Memecoin

$USELESS flips the crypto hate narrative into fuel. From being called “useless” by critics like Bill Gates and Jamie Dimon, this memecoin turns mockery into virality. Backed by elite alpha groups, fast-growing holders, and strong price action, $USELESS could be the next $FARTCOIN or $PEPE-level breakout.

Unipcs/5 days ago

USELESS Memecoins Alpha Degens

Whale Behind $LaunchCoin’s 219x Is Now Loading Up on Next ICM Gems

A savvy whale who made over $1.1M on $LaunchCoin and $ICM is now quietly accumulating new Internet Capital Markets (ICM) tokens. His wallet shows early entries into low-cap alts like $DUPE, $SKYAI, $HOUSE, $GORK, and more—each with growing whale volume. ICM, the new Solana meta, turns app ideas into tradable assets and is fueling a fresh memecoin supercycle.

Tracer/6 days ago

ICM LaunchCoin Memecoins

Altseason Signals Are Flashing—Are You Ready?

Crypto veteran says this is the clearest altseason setup in 7 years: BTC is near ATH, ETH/BTC broke its 3-year downtrend, alt indexes are bouncing, and retail is still out. With major macro and on-chain indicators aligned, it could be the start of a major altcoin run.

cyclop/7 days ago

Altseason ETH BTC Solana

From Joke to Juggernaut: How PASTERNAK Became $LAUNCHCOIN and Hit $280M

LAUNCHCOIN, formerly PASTERNAK, went from a 99% crash and meme status to a $280M market cap. Held and accumulated by a few true believers during its sub-$1M lows, it’s now the hottest project in crypto. The story underscores the power of conviction, community, and narrative.

Unipcs/2025.05.14

LAUNCHCOIN CryptoComeback LetsBONKfun

The Rise of Internet Capital Markets: Trade Ideas, Not Just Apps

Internet Capital Markets let users invest in app ideas from day one via tokens—turning buzz into capital. Platforms like @believeapp enable builders to launch tradable tokens tied to future apps, with viral tokens like $DUPE and $NOODLE already booming. It’s a new funding and speculation meta for degens and developers alike.

hitesh.eth/2025.05.13

TokenLaunch BelieveApp LAUNCHCOIN DUPE