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A Pump.fun live rug pull shocked Solana traders as a dev used a fake terminal illness story to scam buyers and drain liquidity on stream.
Author: Kritika Gupta
Steady attention without excessive speculation.
9th February 2026- A Pump.fun rug pull shocked the Solana memecoin ecosystem after a developer exploited sympathy during a livestream to scam traders in real time. The developer launched a token called 120 Hours on Pump.fun, claiming he had only 120 hours left to live due to a terminal illness. He told viewers that all trading fees would support his family after his death and repeatedly denied any knowledge of rug pulls.
Within minutes, the token surged to a peak market capitalization of roughly $534,000. However, at the height of the hype and while still live on stream, the developer drained the liquidity pool. He walked away with significant profits, including an estimated $14,000 in fees, before disappearing offline. The token collapsed to near zero, leaving buyers stunned and marking the incident as one of the most audacious memecoin scams of 2025.
High Signal Summary For A Quick Glance
The anonymous developer launched the token during a livestream using Pump.fun’s built-in streaming feature. During the broadcast, he shared an emotional narrative about his impending death and reinforced it through the project’s bio, which stated: “I have approximately 120 hours to live, all the fees will go to my family after I pass. I will live until then.”
To build trust, he repeatedly denied any knowledge of rug pulls. Meanwhile, the urgency of the countdown narrative spread rapidly across X and crypto chat groups. As hype intensified, traders piled in quickly, pushing the market cap higher within a short time frame. Ultimately, this rapid ascent set the stage for an equally rapid collapse.
Rug pulls and pump-and-dump schemes remain extremely common in the memecoin ecosystem, particularly on Pump.fun. On-chain analyses indicate that roughly 98.6 percent of tokens launched on the platform between early 2024 and early 2025 showed signs of rugs or fraudulent behavior, with only a small minority maintaining meaningful liquidity.
In previous high-profile memecoin collapses, market reactions followed a familiar pattern. Tokens such as PNUT, which briefly reached a market cap above $1 billion, and influencer-linked failures like HAWK and LIBRA triggered widespread outrage after crashing.
Key milestones related to this development
The developer launches the memecoin and begins a livestream, claiming he has 120 hours left to live and that fees will support his family.
Clips and posts circulate quickly, driving emotional buying pressure as traders respond to urgency and the terminal illness claim.
Demand pushes price higher through Pump.fun’s bonding curve mechanics, while volume surges and the token trends in memecoin circles.
The token reaches its top valuation during the livestream as the developer continues projecting innocence and denies any intent to rug.
The developer removes liquidity as the token transitions toward DEX trading, triggering an instant collapse and trapping late buyers.
He pockets profits, including an estimated $14K in fees, ends the livestream, and vanishes along with associated accounts.
With liquidity gone, price collapses and holders struggle to exit, turning the token into a near-worthless position.
Traders debate platform accountability, wallet tracking, and liquidity transparency, while the memecoin launch cycle continues.
The defining moment of the 120 Hours saga occurred in real time. As trading volume surged and the token approached a $500,000 plus market cap, the developer stayed on stream and continued to play the sympathetic role.
Then, near the peak, he removed liquidity after the token transitioned from Pump.fun’s bonding curve to a decentralized exchange such as Raydium. The price collapsed instantly as buyers lost exit liquidity. Viewers watched the chart fall in seconds, confirming the Pump.fun rug pull live on screen.
Viewers watched the crash unfold live. Shortly afterward, the developer vanished from the stream and deleted or abandoned associated online accounts. This public execution turned the event into a spectacle and amplified its shock value across the crypto community.
Following the rug, users on X reacted with disbelief, anger, and dark humor. Many called the incident shameful and described it as peak crypto chaos. Others pointed out the irony that a developer claiming to have only 120 hours to live did not even wait that long before executing the rug.
More broadly, the episode reignited criticism of Pump.fun-style launches, where low barriers to entry allow scammers to deploy tokens quickly and disappear just as fast. As discussions spread, traders emphasized familiar but critical lessons.
Ultimately, the saga serves as another reminder of the Wild West nature of decentralized finance. As memecoins continue to dominate attention, calls for stronger transparency, better tooling, and user protections are likely to grow louder.
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