Liquidity Protocol Lena Network Experiences Rug Pull, Causing Candy Token to Plummet Over 88%

Today, the liquidity protocol Lena Network experienced a rug pull. It is reported that the Lena Network Deployer address transferred 753.11 ETH (approximately $2.9 million) to an address related to the OKX platform at 10 a.m. today. Subsequently, the Candy token plummeted, dropping from a daily high of $3.08 to $0.35, a decrease of over 88%. According to a previous announcement by Lena Network, the protocol raised over 850 ETH (approximately $3.2 million) for its Candy initial farm offering, which concluded on March 3rd. The Candy token went live earlier today, only to experience a significant decline shortly after.