HNUT Meme Coin Collapses 99% on Solana, PeckShield Flags Bundled Rug Pull
Blockchain safety agency PeckShield has flagged HNUT, a Solana-based meme coin themed “Holly The Squirrel,” after the token collapsed by 99% shortly after launch.
It marks one other obvious bundled rug pull within the fast-moving Solana meme coin ecosystem.
HNUT Raises Rug Pull Fears After 99% Crash
In a publish shared on X (Twitter), PeckShield reported that HNUT on Solana has plummeted by 99%, indicating an abrupt worth collapse that has erased almost the entire token’s market worth.
HNUT worth fell from an all-time high close to $0.007 to successfully zero, with remaining liquidity of roughly $29,000 and a market capitalization of lower than $1,400.
The token was launched by way of Solana-based Pump.fun underneath this contract deal with. This launchpad has more and more come under scrutiny in late 2025 for enabling quick-cycle meme coin launches with minimal safeguards.
On-chain evaluation surrounding HNUT revealed heavy bundled transaction exercise shortly after launch.
According to experiences, roughly 78% of early buying and selling exercise concerned bundled transactions. This phenomenon is usually related to insider provide management, the place a number of wallets coordinate to pay attention tokens earlier than executing a speedy sell-off.
Early On-Chain Warnings Highlight the Growing Cost of Ignoring Red Flags
According to on-chain investigator Specter, indicators have been seen on-chain, and the construction of the launch made the end result predictable for skilled merchants.
Indeed, warnings about HNUT surfaced even earlier than the collapse. Crypto Scam Hunter issued a rip-off alert a day earlier, flagging bundled on-chain conduct and provide focus as crimson flags.
The publish urged merchants to remain away, citing transaction logs that confirmed coordinated transfers from a number of wallets right into a single deal with, typically a precursor to liquidity drains.
The aftermath of the collapse has additionally triggered secondary dangers. Multiple group trackers reported phishing-style airdrop scams circulating on X, making an attempt to use affected merchants by impersonating restoration instruments or declare hyperlinks. Notably, that is an more and more widespread tactic following high-volume rug pulls.
Total dealer losses can’t be exactly quantified from public information alone. The quick 99% drawdown successfully worn out almost all worth for late consumers. Early entrants might have raked in some features earlier than the crash.
The HNUT incident highlights persistent dangers inside Solana’s meme coin market. Unchecked liquidity management, non-renounced contracts, and unburned LP tokens proceed to permit builders or insiders to exit positions swiftly.
As meme coin activity accelerates into 2026, traders should confirm contract renouncements, liquidity locks, and pockets distribution earlier than buying and selling. This is much more essential on rapid-launch platforms designed for pace over safety.
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