Wu Shuo learned that, according to GoPlus monitoring, user X ShittymikeSol claims to be PNUT Dev and promotes Meme coins like HNUT with high-yield case studies. Investigations found that after HNUT's launch, its price plummeted to nearly zero, with multiple early large-amount addresses having fund links to publicly disclosed wallets. The related funds were eventually consolidated into the same address, totaling approximately $3.7 million. This pattern has been repeatedly observed in multiple Meme coins, characterized by rapid decline after issuance and concentrated fund recovery. Users are reminded to be cautious of contract and developer risks to avoid potential RUG projects.

PNUT-6,24%
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