Dubai Memecoin Creator Faces Scrutiny Over Alleged Rug Pulls

A Dubai-based memecoin creator, Sahil Arora, is under fire for orchestrating over 100 alleged rug pulls that have significantly impacted the cryptocurrency market. His tactics involve launching hype-driven crypto tokens, generating rapid price increases, and then swiftly withdrawing liquidity to enrich himself. These schemes have reportedly drained millions of dollars from investors, leading to substantial losses.