Citing ChainCatcher, Solana-based Meme coin HNUT surged 703% in 24 hours, reaching $0.055 with a market cap of $55.03 million. The token, inspired by a social media post about 'Holly The Squirrel,' ranked third in 24-hour trading volume and saw over $5.5 million in trades. Multiple on-chain monitoring platforms, including Crypto Scope, have flagged HNUT for abnormal liquidity and on-chain activity, warning of potential rug pull risks. Meme coins are highly volatile and driven by market sentiment, with no intrinsic value or use cases.
Solana Meme Coin HNUT Surges Over 700% in 24 Hours Amid Rug Pull Warnings
KuCoinFlashShare
Summary
On-chain data shows Solana-based meme coin HNUT surged 703% in 24 hours, hitting $0.055 with a $55.03 million market cap. Inspired by a social media post about “Holly The Squirrel,” HNUT ranked third in 24-hour volume, with over $5.5 million in trades. On-chain analysis from platforms like Crypto Scope highlights abnormal liquidity and activity, raising rug pull concerns. Meme coins remain volatile, driven by sentiment with no intrinsic value.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.