The URF meme coin team vanished after collecting 2,400 SOL, approximately $450,000 during the presale. The developers carried out a rug pull within 24 hours of launching the project. Their social media presence ended on March 26, and they used the raised funds to trade other meme tokens on the Solana network.

ZachXBT, a crypto expert, shared that since March 12, there were 33 presale events on Solana, attracting 796,000 SOL. However, most projects lacked transparency. He highlighted four instances of rug pulls causing damage of around 25,400 SOL. ZachXBT mentioned that further data collection is necessary to complete the picture.