The Rug Museum Every rug we have on record, kept permanently. By RugHound · NewDevOnTheBloc.

$FORMULA — $55k to $4k

$FORMULA launched on , peaked at a market cap of $55,470, and ended at $4,178. That is a 92.5% drop from its peak. It lived 8 minutes.

Peak market cap$55k
Market cap now$4k
Drop from peak-92.5%
Time alive8 minutes

The collapse

launch · peak $55klast seen ·

Market-cap timeline reconstructed from 2 snapshots RugHound took while the coin was live. Rendered as plain SVG — no scripts needed.

What the data shows

Symbol$FORMULA
First seen
Collapsed
Time alive8 minutes
Peak market cap$55,470
Final market cap$4,178
Drop from peak-92.5%
Value evaporated$51,292
Bundled supply at launch51.2%
Largest single holder51.2% of supply
Outcome classrugged
RugHound risk score89 / 100

Did RugHound call it?

Flagged in advance

Yes. RugHound flagged $FORMULA at risk 89/100, 8 minutes before it collapsed. The warning was on the board on , while the coin was still up.

Who was behind it

We never publish wallet addresses. Wallets get a stable anonymous codename so you can follow the same actor across coins.

The dev wallet DEV-093F has launched 903 coins that we have seen. 316 of them have collapsed the same way.

It was bankrolled by funder FUNDER-B22F, which has funded 2 dev wallets across 2085 coins we have on record.

Other collapses from dev DEV-093F

Other collapses funded by FUNDER-B22F

The token

The mint address is public on-chain data:

Sa5HmcjeHbbYqC3AH2tPcQqT9ZWN4T7E2WMNdmLpump

View on Solscan →