The HNUT token on the Solana chain recently experienced a shocking crash. The price plummeted from the intraday high of 0.07094 to 0.0943, a maximum decline of 94.90%.

This is not a normal market correction. Looking at the huge volume bars makes it clear—massive amounts of chips are being dumped at all costs in a short period, which is a clear sign of exiting the market. Either the main players are fleeing, or the project team itself is involved. According to community feedback, the project team has already withdrawn liquidity and run away.

Why did this happen? Liquidity dried up instantly. When a large amount of chips are dumped simultaneously, the buy orders simply cannot absorb it, resulting in a free fall. This kind of movement is completely unlike natural market dynamics.

Those holding HNUT should be cautious. Continuing to fall to zero is a very real possibility. Even if it drops sharply and then stabilizes at a low level, don’t expect this to be a bottom. That’s just the last struggle of remaining chips—a dead cat bounce, meant to lure in the final wave of bottom-fishing funds. Once this wave of new buyers is absorbed, the price will truly have no support.

Instead of constantly cutting losses, buying and selling repeatedly, wasting fees and effort on such projects, it’s better to shift focus to projects with stronger fundamentals. There are plenty of market opportunities; there’s no need to take such risks on projects that are already showing signs of liquidity withdrawal.