This is the kind of thing a project founder does before he rugs. This is why I don't invest in meme coins and only buy L1 chains that other DApps and tokens are deployed on, like CNDL and FTM. Investing in L1 chains gives you a network effect where the price of the L1 coin goes up the more value is locked in the protocol. It's like investing in the protocols before the internet became mainstream and is a much better bet than dog coins.