coin-img-ETHETH+0.38%coin-img-BTCBTC+0.26%coin-img-SOLSOL+0.18%coin-img-USDCUSDC+0.04%coin-img-UBOXUBOX-45.58%coin-img-XRPXRP-0.54%coin-img-HYPEHYPE-2.60%coin-img-TRXTRX+0.39%coin-img-ETHETH+0.38%coin-img-BTCBTC+0.26%coin-img-SOLSOL+0.18%coin-img-USDCUSDC+0.04%coin-img-UBOXUBOX-45.58%coin-img-XRPXRP-0.54%coin-img-HYPEHYPE-2.60%coin-img-TRXTRX+0.39%coin-img-ETHETH+0.38%coin-img-BTCBTC+0.26%coin-img-SOLSOL+0.18%coin-img-USDCUSDC+0.04%coin-img-UBOXUBOX-45.58%coin-img-XRPXRP-0.54%coin-img-HYPEHYPE-2.60%coin-img-TRXTRX+0.39%coin-img-ETHETH+0.38%coin-img-BTCBTC+0.26%coin-img-SOLSOL+0.18%coin-img-USDCUSDC+0.04%coin-img-UBOXUBOX-45.58%coin-img-XRPXRP-0.54%coin-img-HYPEHYPE-2.60%coin-img-TRXTRX+0.39%

PIPEDOG deployer allegedly rugs 263 ETH pool for 399 ETH, then relaunches 4 minutes later with locked LP

AI Market Summary
A suspected two-stage rug pull around PIPEDOG highlights a new deception pattern: locking LP to pass safety scanners while using deeply out-of-range liquidity to signal "security" and continue extracting fees. The case underscores structural risk in newly launched DEX tokens, limits the reliability of common on-chain vetting tools, and can depress risk appetite and liquidity provision for similar micro-cap launches in the near term.
Impact level
● Medium
Affected assets
PIPEDOG/USDT-35.96%
AI Insight · PIPEDOG/USDTAI Insight
▼ Bearish
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An address deployed a token called $PIPEDOG, seeded 263 ETH in liquidity, and removed the liquidity after 10 minutes of trading to exit with 399 ETH, including 136 ETH from buyers. Four minutes later, the same token name and supply were redeployed with 263 ETH again, but this time the LP was locked and an additional LP position using the 136 ETH was placed 81% below market to avoid filling and help pass on-chain scanners. Within 19 hours, the LP generated 166 WETH in fees on the 263 WETH seeded, with 62% attributed to the locked funds, and fees continued to rise.
ETH
ETH+0.39%
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