Wu Shuo learned that, according to GoPlus detection, user X ShittymikeSol claims to be PNUT Dev and promotes Meme coins like HNUT with high-yield case studies. The investigation found that after HNUT's launch, its price plummeted to nearly zero, and multiple early large-amount addresses had fund links to their 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 and to avoid participating in potential RUG projects.