TechFlow reports that a cryptocurrency user spent $113,000 in gas fees attempting to purchase a newly launched ERC404 token, only to acquire $26,000 worth of tokens. Unfortunately, the token was rug-pulled 35 minutes after launch, rendering it worthless.
According to Etherscan transaction data, the user transferred approximately $26,000 worth of 10 ETH via a smart contract in exchange for 30 No Handle (NO) tokens. DexScreener data shows that the NO token price surged from an initial $6.8 to around $70,000 before crashing nearly to zero within 35 minutes.
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