2026-01-05 11:02:14

On-chain data platform detection has uncovered a typical Meme coin manipulation case. An account claims to be a PNUT developer, attracting users by showcasing screenshots of high returns to promote HNUT and other Meme coins.

What was the result? After HNUT launched, it immediately plummeted, with the price almost zero. Tracking the flow of funds revealed even more outrageous details — those early large holdings addresses are directly linked to this "developer"’s publicly known wallets, and ultimately all funds converged into the same address, totaling approximately $3.7 million.

This tactic has actually been repeated across multiple Meme coin projects. First, project teams or KOLs hype up high returns to attract retail investors. Once enough funds have entered, they dump and run. Early large holders and manipulators have already exited through complex address linkages. On-chain tracking is becoming increasingly transparent, but such scams still emerge endlessly — the key is that new retail investors keep falling into the trap every time.

PNUT-6.24%

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SadMoneyMeow

· 2h ago

It's the same old trick, $3.7 million just disappeared like that haha

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RugPullAlarm

· 20h ago

An address can drain 3.7 million USD, how unethical is that... It's the same old trick. Those chasing the high in the screenshot should wake up and be clear-headed.

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ThatsNotARugPull

· 01-05 14:39

It's the same old trick again; the newbies keep coming one after another.

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RegenRestorer

· 01-05 11:32

Here we go again with the same script every time ~~~ $3.7 million just disappeared like that, being foolish and having too much money really isn't enough ~~~ On-chain transparency, what's the use? Anyway, new little guys are waiting to be exploited ~~~ HNUT directly hits zero, how blind can you be ~~~ The so-called developers are actually just puppet masters ~~~ Every time they say they've learned to be smart, but next time it's the same people falling into the trap ~~~ Complex address association? Basically, it's just a gang with multiple wallets ~~~ This round of manipulation is truly talented; the puppet show with $3.7 million was quite good ~~~ Meme coins are this bad, I can't understand why people still believe ~~~ On-chain data is so clear, and yet some still dare to follow? Truly brave

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GetRichLeek

· 01-05 11:32

Damn it, it's the same old story. Why didn't I set up an ambush earlier? I'm losing my composure.

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TokenSleuth

· 01-05 11:25

Again with the same old tricks, HNUT directly rug, really speechless. --- $3.7 million just disappeared like that, on-chain transparency is great but still can't stop these guys. --- It's always new retail investors taking the hit, this batch of retail investors is no good. --- Basically a copy-paste scam, just changing the coin name to keep scamming. --- On-chain data is all there, and some people still believe these "developers," hilarious. --- Early big whales have already run away, the final bagholders are always retail investors. --- The HNUT case is too classic, I must dig into these manipulators. --- Hype, bloodsucking, run away—that's the trilogy of Meme coins? --- I just want to know when these scam projects will really be cracked down on. --- It's traceable to the same address, shouldn't it have been frozen long ago? --- I've seen through it, Meme coins are just casinos, nothing else.

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CascadingDipBuyer

· 01-05 11:23

It's the same old trick again, truly amazing. Another "developer," hilarious. On-chain transparency is so high, yet they're still acting. 3.7 million just gone like that, retail investors are really tough. Every time they say they've learned their lesson, but next time they still take the bait. This is what meme coins are all about, a paradise for gamblers.

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TokenAlchemist

· 01-05 11:21

ngl the address clustering here screams MEV extraction at scale... 370M consolidated to a single wallet? that's not even trying to hide the inefficiency vectors anymore. classic rug pull state transition tbh

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AirdropAnxiety

· 01-05 11:20

Is this the same old trick again, 3.7 million just gone like that? --- You can never stop harvesting the little guys, brothers. --- HNUT directly hits zero, it’s hilarious. --- Every time they say they've learned, but next time they still fall into the trap. --- What’s the use of on-chain transparency? Some people still get fooled. --- These people are really just copy-pasting. --- I'll just see who dares to believe this kind of screenshot next time. --- 3.7 million, can they really run away successfully? --- Are retail investors really to blame? Surely not. --- Are all developers scammers?

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AirdropATM

· 01-05 11:17

It's the same trick again... Someone always falls into the trap every time.

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On-chain data platform detection has uncovered a typical Meme coin manipulation case. An account claims to be a PNUT developer, attracting users by showcasing screenshots of high returns to promote HNUT and other Meme coins.

Trending Topics

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My2026FirstPost

Hot Gate Fun

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Your First Words Matter!
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On-chain data platform detection has uncovered a typical Meme coin manipulation case. An account claims to be a PNUT developer, attracting users by showcasing screenshots of high returns to promote HNUT and other Meme coins.

Trending Topics

GateAIOfficiallyLaunches

BitcoinSix-DayRally

MemeCoinRebound

JusticeDepartmentSellsBitcoin

My2026FirstPost

Hot Gate Fun

Gate

Gate

DGMAN

DOGEMAN

memeboxSaxon

saxon

ㅍ효ㅓ

ming

Y

Probability

Pin

Your First Words Matter! Share your first post on and split $10,000 in New Year rewards. Post with #My2026FirstPost to share your New Year wish 2026U Position Voucher, Gate New Year boxes, F1 Red Bull merch await you! Ends on Jan 15, 2026, 16:00 UTC 2026 starts with this post!

Your First Words Matter!
Share your first post on and split $10,000 in New Year rewards.
Post with #My2026FirstPost to share your New Year wish
2026U Position Voucher, Gate New Year boxes, F1 Red Bull merch await you!
Ends on Jan 15, 2026, 16:00 UTC
2026 starts with this post!