According to @0xSisyphus on Twitter, Cirrus token reportedly experienced a severe liquidity event where the developer allegedly launched the project, drove its market cap up to $6 million, and then withdrew liquidity, causing the token's value to collapse to $50,000 as he sold his own holdings. This incident underscores the urgent need for traders to perform due diligence and monitor on-chain liquidity flows before entering low-cap or recently launched tokens (source: @0xSisyphus on Twitter).

According to AltcoinGordon on Twitter, Boop reportedly offered him $70,000 to initiate a rug pull, underscoring ongoing risks of scams in the crypto market (source: AltcoinGordon, Twitter, May 1, 2025). Traders should exercise heightened caution when evaluating low-cap tokens and new project launches, as such fraudulent offers can lead to severe losses and sudden market volatility. This incident spotlights the importance of due diligence and avoiding projects with questionable incentives or team credibility.