WallStreetBets mod dumps memecoin worth $635K in alleged rug pull By Cointelegraph

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© Reuters

A moderator of the popular trading subreddit r/WallStreetBets has dumped a large portion of the WSB Coin (WSB), a token project that claims to be the official memecoin of Wall Street Bets.

On May 2, WSB was launched by people involved in moderating the WallStreetBets Reddit forum. The subreddit gained notoriety for the GameStop (NYSE:) short squeeze, sending hedge funds to their knees in January 2021.