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Solana top meme coin HNUT rapidly crashes: from a market cap of $70.94 million to $0.0003
【Blockchain Rhythm】The recently trending Meme coin HNUT on the Solana chain staged a dramatic event today—suspected to have been directly rug pulled.
Here’s the situation: HNUT plummeted from a high of $0.07 in the past two hours, with a decline of over 99%, and has now fallen below $0.0003. Earlier, this coin was in the spotlight, with a 24-hour increase of over 700%, and its market cap once surged to $70.94 million, making it the third highest in trading volume for the day.
But there are issues behind this. Some on-chain monitoring platforms, including Crypto Scope, had already issued warnings—they detected abnormal liquidity activity and on-chain data patterns for HNUT, showing clear signals of rug risk. It now appears that these warnings were not unfounded.
To be honest, Meme coins are inherently high-risk assets. Their prices fluctuate wildly, mainly driven by market sentiment and hype, without real practical use or intrinsic value backing them. If you want to participate in such trades, be sure to prepare psychologically and strictly control your risks.