The Solana blockchain's Meme coin HNUT appears to have been rigged and pulled, with its price plummeting by 99% in a short period, nearing zero.
TL;DR
The Solana meme coin HNUT is suspected of a rug pull, causing its price to drop over 99% from $0.07 to below $0.0003. It had previously surged over 700% in 24 hours, reaching a market cap of $70.94 million, but monitoring platforms flagged abnormal activity, warning investors of high risks.
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[Solana On-Chain Meme Coin HNUT Suspected of Rugging Pull, Price Plunges 99% to Near Zero] According to Mars Finance, GMGN monitoring indicates that HNUT, the third most traded Meme coin on the Solana chain, has been suspected of running a rugged pull. In the past two hours, it plummeted from a high of $0.07, a drop of over 99%, and is now below $0.0003. Earlier today, reports indicated that HNUT experienced significant price volatility, with a 24-hour increase of over 700%, pushing its market capitalization to a peak of $70.94 million, briefly ranking third in 24-hour trading volume. However, this token triggered warnings from several on-chain monitoring platforms, including CryptoScope, indicating abnormal liquidity activity and on-chain data patterns, suggesting a rugged risk. Investors are advised to remain vigilant. Meme coin trading is highly volatile, heavily reliant on market sentiment and hype, and lacks real value or use cases; investors should be aware of the risks.