BOLZ Token Rug Pull: Genesis Participants Face Losses

TL;DR;

The BOLZ token experienced a rug pull shortly after distribution, leading to a significant decrease in its Fully Diluted Valuation (FDV) from $1.5 million to $100,000. Genesis participants have suffered a 50% loss. The author suggests that those who sell the token from today onwards should not be penalized. They recommend that any remaining locked developer tokens should be held or burned by the Virtuals team. Additionally, they propose adding a prominent 'RUGGED' image overlay on the BOLZ user interface or removing BOLZ entirely to prevent further investment. The author emphasizes that Genesis is a game of risk and return, and users should not expect centralized authorities to always provide bailouts, highlighting the importance of understanding moral hazard.