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.
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HNUT Raises Rug Pull Fears After 99% Crash
In a submit shared on X (Twitter), PeckShield reported that HNUT on Solana has plummeted by 99%, indicating an abrupt worth collapse that has erased practically all the token’s market worth.
HNUT worth fell from an all-time excessive close to $0.007 to successfully zero, with remaining liquidity of roughly $29,000 and a market capitalization of lower than $1,400.
Holly The Squirrel (HNUT) Worth Efficiency. Supply: GeckoTerminal
The token was launched through Solana-based Pump.enjoyable below this contract handle. This launchpad has more and more come below scrutiny in late 2025 for enabling quick-cycle meme coin launches with minimal safeguards.
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On-chain evaluation surrounding HNUT revealed heavy bundled transaction exercise shortly after launch.
In keeping with experiences, roughly 78% of early buying and selling exercise concerned bundled transactions. This phenomenon is often 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 Spotlight the Rising Value of Ignoring Crimson Flags
In keeping with on-chain investigator Specter, indicators had been seen on-chain, and the construction of the launch made the end result predictable for knowledgeable merchants.
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Certainly, warnings about HNUT surfaced even earlier than the collapse. Crypto Rip-off Hunter issued a rip-off alert a day earlier, flagging bundled on-chain conduct and provide focus as crimson flags.
The submit urged merchants to remain away, citing transaction logs that confirmed coordinated transfers from a number of wallets right into a single handle, typically a precursor to liquidity drains.
The aftermath of the collapse has additionally triggered secondary dangers. A number of group trackers reported phishing-style airdrop scams circulating on X, trying to use affected merchants by impersonating restoration instruments or declare hyperlinks. Notably, that is an more and more frequent tactic following high-volume rug pulls.
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Whole dealer losses can’t be exactly quantified from public knowledge alone. The quick 99% drawdown successfully worn out practically all worth for late consumers. Early entrants could have raked in some positive factors earlier than the crash.
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Ca 3B9tRzRae8J3iMtYMPmFXBfUTSwZgmqBroHyw7QTpump pic.twitter.com/N7vnaeCveF
— SOL Alpha Calls (@sol_alpha_call) December 29, 2025
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 exercise accelerates into 2026, buyers should confirm contract renouncements, liquidity locks, and pockets distribution earlier than buying and selling. That is much more essential on rapid-launch platforms designed for velocity over safety.
