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Doraemon-based token DORAE plummets 99% since launch in the last 24 hours.  
In the past few months, the number of rug-pull incidents have shown a notable increase.
Multiple rug pull scams occurred over the past few months in the crypto market. Amidst celebrity memecoin shillings and the launch of numerous new tokens, the scams have also shown a surge. Relatively, Doraemon themed token, DORAE originated in the market on Wednesday with signs of rug-pull within 24-hours of launch. 
According to Lookonchain reports, the token was deployed by an anonymous individual identified with the wallet address ‘CKEfb2’. Following its launch, the token surged 300% approximately, within a few hours from its initial price of$0.0000280 to $0.0023456.

DORAE/SOL 1H Price Chart (Source: CoinMarketcap)
The token recorded a trading volume of $2.77 million, according to CMC data. At the time of writing, the trading price of DORAE was $0.0001072. 
Early DORAE Whale Activity or Deployer’

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