HNUT Meme Coin Collapses 99% on Solana, PeckShield Flags Bundled Rug Pull

The Solana-based meme coin HNUT, themed "Holly The Squirrel," experienced a catastrophic 99% price collapse immediately following its launch, prompting blockchain security firm PeckShield to flag it as a potential bundled rug pull. The token's value plummeted from near $0.007 to effectively zero, leaving minimal liquidity. On-chain analysis revealed that approximately 78% of early trading involved bundled transactions, a common indicator of insider supply control preceding a rapid sell-off. Warnings were issued by investigators like Specter and Crypto Scam Hunter prior to the crash, citing supply concentration and coordinated transfers as major red flags. The incident underscores the persistent risks in the fast-moving Solana meme coin ecosystem, especially on launchpads like Pump.fun, and highlights the necessity for investors to verify liquidity locks and contract renouncements.

(Source：BeInCrypto)