CULT Down 30% Day After Elon Musk Pump as CultDAO-Backed Project Rugpulled

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CULT Down 30% Day After Elon Musk Pump as CultDAO-Backed Project Rugpulled
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Rugpull alert: $CULT down 30% one day after Elon Musk pump as this happened cultdao cult elonmusk rugpull arbitrum scamalert xirtam wearecultdao

, a prominent crypto journalist, an educational project called XIRTAM has recently conducted a rugpull worth 2,000 ETH, which is equivalent to $3.5 million. The project was reportedly funded by CultDAO, which just seven days ago announced its support for XIRTAM, stating that the project had raised $2 million for its token presale.

The news of XIRTAM's rugpull has had a significant impact on CultDAO token's price, which has fallen by more than 30% in just one day. This comes after the token experienced a surge of 150% yesterday, following a tweet by that just said"Cult / Culture." Unfortunately for CultDAO, the gains made from this tweet have now been offset by the news of XIRTAM's scam.

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