Jack Doherty accused of dumping new meme coin for $200,000 after promising not to sell
Influencer Jack Doherty faced community backlash after launching the Solana meme coin $JACK, which plummeted by over 98% after he allegedly sold his holdings for roughly $200,000.
Influencer Jack Doherty has drawn widespread criticism across social media after launching a Solana meme coin, $JACK, on Sept. 27, 2026, and liquidating his holdings for an estimated $200,000 shortly after telling his audience he would never sell. Observers including X users @wyckoffweb and @jussy_world reported that the token rapidly surged past a $2 million valuation before Doherty exited his position, triggering an immediate crash.[1][3][4][2]
According to on-chain commentator Crypto Patel, $JACK reached a peak market capitalization of $6.68 million before collapsing roughly 98.4% to around $108,000 within a single day. The crash unfolded as $7.5 million in trading volume passed through a pool backed by just $41,500 in liquidity, leaving about 6,500 holders with steep losses while token trading fees were routed directly to Doherty's account.[1]
Traders described the incident as part of an established pattern. X user @Cryptowithkhan warned that Doherty is a repeat rug-puller with multiple red flags visible online. Crypto Patel similarly noted that Doherty had previously been accused of live-streaming and dumping a McLaren meme coin in November 2024 and executing another Pump.fun coin dump in 2025.[1][2]
Key facts
- Jack Doherty launched the Solana meme coin $JACK on Sept. 27, 2026.
- Doherty promised he was 'never selling' before dumping his tokens for approximately $200,000 shortly after the launch.
- The $JACK token peaked at a market cap of $6.68 million before falling about 98.4% to $108,000.
- $JACK saw $7.5 million in volume against $41,500 in liquidity, leaving roughly 6,500 holders impacted.
- Token trading fees for $JACK were routed to Doherty's account (@dohertyjackk).
- Doherty previously faced accusations of dumping a McLaren-themed token in November 2024 and another Pump.fun coin in 2025.
Sources · 4 sources
- CP
Crypto Patel@CryptoPatelPost on X ·
$6.68M to $108K in One Day: The Jack Doherty Rug Nobody Should Have Fallen For JACK DOHERTY DID IT AGAIN: "Never selling" ➡️ Sold around $200K a few hours later Serial dumper Jack Doherty launched another Solana meme coin ($JACK) on 27th September 2026, pumped it to his audience with a "never selling" promise, and then sold into his own buyers within hours. THE DAMAGE IN NUMBERS 🔸 Launched: 27 Sep 2026 (just 1 day old) 🔸 Peak Market Cap: $6.68M 🔸 Current Market Cap: $108K 🔸 Drop from peak: around -98.4% 🔸 Liquidity: only $41.5K 🔸 Token fees going to @dohertyjackk Read that again. $7.5M in volume flowed through a coin with only $41.5K liquidity. 6,500 holders are now fighting over scraps, while the creator earned from the fees and the dump. THIS IS NOT HIS FIRST TIME 🔸 Nov 2024: McLaren coin. He was accused of buying through multiple wallets, hyping it live on stream, dumping, and deleting all his promo tweets. 🔸 Days later: two more coins pushed to fans with "$100M market cap" promises. Neither came close. 🔸 2025: Another Pump fun launch during a stream. Another dump. 🔸 Sept 2026: "Never selling." Sold anyway. -98% in one day. Same script every single time: Hype ➡️ Promise ➡️ Dump ➡️ Silence RED FLAGS WERE EVERYWHERE: Search his name on X. The warnings aren't hidden. They are the whole timeline. A celebrity with a documented history of dumping on fans launching a new coin is not an opportunity. It's an exit liquidity invitation. LESSONS FOR EVERY TRADER 1️⃣ A promise is not a lock contract. If the dev wallet can sell, assume it will. 2️⃣ Check the creator's history before you check the chart. 3️⃣ Compare liquidity to market cap. $41.5K liquidity can't support a multi-million valuation. 4️⃣ Check who receives the fees. If the creator earns on every trade, the hype pays him either way. 5️⃣ Never put money in a meme coin you can't afford to lose 100%. FINAL WORD By CRYPTOPATEL: Hundreds of teams are building real products and fighting for your attention every day. Yet the market keeps handing easy money to the same serial dumper. $6.68M to $108K in about a day. Stop funding people who have already shown you exactly who they are. Protect your capital. Do your own research. Share this with someone who apes into every celebrity coin 👇
Open source - CW
Crypto with Khan@CryptowithkhanPost on X ·
First time I'm happy because of a rug. This Jack rugger is world famous for his unlimited rugs but you still believed him and bought his token then you deserve the rug. Just search Jack Doherty on X and you'll see not 1 not 2 not 3 but multiple red flags 🚩 Today he rugged another one and made $200K There are 100s of projects working ass hard to get your attention but you choose to bid on Jack Rug Congratulations 👏👏
Open source - W�
wyck 📴@wyckoffwebPost on X ·
Crazy how people fall for this again. - Jack Doherty launched a coin - People bought and pumped it to $2M Mcap - some minutes after he said he'd never sell, he dumped everything at once and took away $200K. Interesting how easy it is to extract money in this space. https://t.co/789aNNK8fB
Open source - JU
jussy@jussy_worldPost on X ·
.@dohertyjackk just RUGGED again - Makes a FOMO account - “Need to turn $10k into $1M” - Launches $JACK - “IM NEVER SELLING” - Road to $10M and $100M after TikTok - Posts the promo on a spam TikTok, not main - Runs it to over $2M mcap - Clips $200k minutes later If you lost money on this, you deserve it
Open source