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Solana's third-largest on-chain meme coin, HNUT, surges over 700%, with multiple monitoring alerts indicating potential RUG risk
CoinVoice has learned that, according to GMGN monitoring, the Solana on-chain Meme coin HNUT experienced significant price fluctuations today, with a 703% increase within 24 hours. It is currently priced at $0.055, with a market capitalization soaring to approximately $55.03 million, ranking 11th by market cap. It is the third most traded asset in the past 24 hours. The token’s trading volume in the last 24 hours is about $5.5 million, and the number of holding addresses has surpassed 10,000. HNUT originated from humorous images and texts about “Holly The Squirrel” on social media. However, multiple on-chain monitoring platforms, including Crypto Scope, have pointed out abnormal liquidity activity and on-chain data patterns, indicating a RUG risk and warning investors to stay vigilant. Meme coin trading is highly volatile, largely dependent on market sentiment and hype, with no intrinsic value or utility. Investors should be cautious of the risks.