The Solana-based meme coin HNUT surged more than 700% in the past 24 hours, trading at $0.055 and lifting its market capitalization to about $55 million, according to GMGN data. The token ranked 11th by market cap and was third by 24-hour trading volume. Trading activity in the past 24 hours totaled roughly $5.5 million, and the number of holder addresses surpassed 10,000, suggesting a broad but speculative following.
HNUT traces its origins to memes circulating on social media that reference an image and caption about “Holly The Squirrel.” However, multiple chain monitoring platforms, including Crypto Scope, flagged anomalous liquidity activity and on-chain patterns, signaling rug-pull risk and urging investors to exercise caution. Meme coins tend to be highly volatile, driven by hype rather than intrinsic value or use cases.
Investors should remain vigilant as liquidity concerns persist. The combination of sharp moves and rug-pull warnings underscores the risks associated with speculative meme coins on Solana. Careful risk management and due diligence are advised.
Leave a Reply