$FRAX

FRAXUSDT

Perp

0.8536

+8.05%

The $RALPH token, a meme coin on the Base network, suffered a catastrophic$SKY

SKYUSDT

Perp

0.06356

-1.82%

crash on January 22, 2026. Its market cap plummeted from a peak of$PLUME

PLUMEUSDT

Perp

0.01365

+0.14%

$50 million to approximately $7.9 million after the developer, Geoffrey Huntley, sold $300,000 worth of tokens.

​While the developer framed the move as "de-risking," the sudden liquidity drain caused the price to drop over 80%. Adding to the community's outrage, the contract continued to collect trading fees even as holders faced massive losses.

#RALPH