Solana Memecoin HNUT Experiences 99% Price Collapse: Suspected Rug Pull Alert

2025-12-30 21:20:17

Source: CryptoNewsNet Original Title: Beware: Major Rug Pull Scam Alert on an Altcoin – Price Plummets to Nearly Zero Original Link: https://cryptonews.net/news/altcoins/32207888/ HNUT, a memecoin traded on the Solana network, made headlines with a sharp drop that caused significant losses for investors.

According to GMGN, an on-chain tracking platform, recent price movements indicate that HNUT is experiencing a rug pull.

Price Collapse Details

HNUT, which had risen to become the third most traded token on the Solana blockchain, has seen its price plummet by more than 99% in recent hours, falling from $0.07 to below $0.0003. This sharp decline has brought the token’s price close to zero.

Rapid Rise Followed by Collapse

Earlier in the day, HNUT attracted attention by recording a surge of over 700% in 24 hours, reaching a market capitalization of $70.94 million and briefly climbing to third place in daily trading volume rankings. However, following this rapid rise, several on-chain monitoring platforms detected abnormal liquidity movements and suspicious on-chain data patterns related to the token, warning investors of a potential rug pull risk.

Market Context

Experts note that memecoin transactions have high volatility, largely shaped by market sentiment and short-term speculation. Investors should exercise caution when trading such assets.

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