Solana-based Meme coin HNUT suspected of Rug Pull, with a short-term price drop of up to 99%, approaching zero

On December 30, according to GMGN monitoring, the third most traded Meme coin on the Solana chain, HNUT, is suspected to have RUG PULLed. It plummeted from a high of $0.07 within the past 2 hours, with a short-term drop of over 99%, now trading below $0.0003. Earlier today, news reported that the Meme coin HNUT on the Solana chain experienced extreme price volatility, with a 24-hour increase of over 700%, and its market cap surged to a high of $70.94 million, at one point ranking third in 24-hour trading volume. However, this token triggered alerts from on-chain monitoring platforms including Crypto Scope, which noted abnormal liquidity activity and on-chain data patterns, indicating a RUG risk and warning investors to stay vigilant. BlockBeats reminds users that Meme coin trading is highly volatile, often driven by market sentiment and hype, with no intrinsic value or utility, and investors should be cautious of the risks.

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