Solana HNUT Meme Coin Plunges 99%: From Highlights to Darkness in 24 Hours

gas_fee_therapist · 2026-01-19T09:07:33+00:00

The HNUT token experienced a 700% surge within 24 hours, followed by a rapid decline of over 99%, raising concerns among investors about Rug Pull risks. The monitoring platform warned of abnormal liquidity activity, emphasized the high risk of Meme coins, and advised investors to exercise caution and implement proper risk management.

gas_fee_therapist

2026-01-19 09:07:33

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The HNUT token on the Solana blockchain experienced a rollercoaster ride within 24 hours. This Meme coin, which once surged to the third spot on the trading leaderboard, is now facing serious scrutiny—multiple on-chain monitoring platforms have warned of Rug Pull risks, and the price movement has confirmed these concerns.

Sharp Drop After a Surge

The story of HNUT began this morning. The token surged over 700% within 24 hours, with its market capitalization soaring to $70.94 million, and it jumped to the third position in Solana’s trading volume rankings. Such a rise was enough to attract a large influx of investors.

But the good times didn’t last. According to on-chain data monitoring, within just 2 hours, HNUT’s price plummeted from a high of $0.07, dropping more than 99%, and is now trading below $0.0003. Behind this extreme volatility lie warning signs that investors need to be cautious of.

Monitoring Platforms Have Already Issued Alerts

In fact, several on-chain monitoring agencies, including Crypto Scope, had already detected anomalies. These platforms pointed out that HNUT’s liquidity activity and on-chain data patterns are clearly inconsistent, which is a typical characteristic of a Rug Pull. A Rug Pull occurs when project developers artificially inflate the price and then suddenly withdraw liquidity, causing the token’s value to collapse.

Such tactics are not uncommon in the Meme coin space. Because Meme coins lack real use cases and value support, they rely entirely on market hype and investor sentiment, making them easy to manipulate.

Investor Reminder

BlockBeats reminds users that the trading characteristics of Meme coins entail extremely high risks. These tokens are highly volatile, and most are used by capital as speculative tools based on hype, lacking genuine economic models or practical use cases. Investors must recognize these risks before entering the space, manage their funds carefully, and avoid blindly following the trend.

Especially amid frequent Rug Pull incidents, it is crucial to stay vigilant and carefully scrutinize tokens with abnormal fluctuations and weak fundamentals.

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