Exposé: GPUNET – Another Web3 Rug in Disguise?

The crypto community is in uproar after GPUNET’s token launch ends in disaster — with prices crashing over 80% and mounting evidence of insider manipulation.

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Once hyped as a long-awaited project, GPUNET is now under fire for what many investors are calling a classic rug pull. Multiple community members have come forward detailing suspicious launch mechanics, broken promises, and exploitative tactics that left early supporters with worthless tokens.

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🔻 Price Dumped Immediately After Launch
The token launched with $200K in initial liquidity, but within hours, the price collapsed by over 80%. Blockchain analysts and community members quickly traced the dump to wallets connected to the GPUNET team — suggesting an orchestrated sell-off timed perfectly for maximum profit.

🧊 Presale Buyers Were Locked Out
Shockingly, presale buyers — who waited over a year — were not allowed to bridge their tokens until after launch. This gave insiders a window to dump their holdings onto the open market before retail buyers could even participate.

“We waited a year just to be exit liquidity,” one user said.

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🐛 Years of Hype, Still Full of Bugs
Despite years of development, users report that GPUNET’s DApp is riddled with bugs. Issues include failed wallet connections, broken interfaces, and unreliable functionality — casting serious doubt on the technical competency and intentions of the team.

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🔓 More Tokens Unlocking Soon
To make matters worse, team and VC tokens are scheduled to unlock soon, raising fears of additional dumping. With no clear roadmap or accountability, many believe this was a premeditated liquidation event disguised as a launch.

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🧵 Community Speaks Out
Prominent crypto voices have called out GPUNET. A viral tweet by @TheDefiApe https://x.com/thedefiape/status/1931281919313854925 laid out the concerns:

“The Indian dev of @gpunet brutally rugged 😂
Team dumped upon launch and price is down 80%+

Presaler buyers… only allowed to bridge after the launch, so the team can dump on them.

More team and VC tokens are getting unlocked soon!”

Another user compared GPUNET to other alleged scams:

“after @layeredge scam, there is another scam project @gpunet…

90% users are not eligible.

both are indian projects.

next time you see founder from #india, just run away.”

This growing backlash highlights a deeper trust issue in Web3 — where unaudited teams can repeatedly take advantage of a hype-driven system.

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⚠️ Final Warning
GPUNET is a textbook example of unchecked exploitation in crypto. No working product, no meaningful communication, and no transparency.

Avoid the project. Demand audits. Don’t be exit liquidity