Blockchain security firm PeckShield has flagged HNUT, a Solana-based meme coin themed “Holly The Squirrel,” after the token collapsed by 99% shortly after launch.

It marks another apparent bundled rug pull in the fast-moving Solana meme coin ecosystem.

In a post shared on X (Twitter), PeckShield reported that HNUT on Solana has plummeted by 99%, indicating an abrupt price collapse that has erased nearly all of the token’s market value.

#PeckShieldAlert #rugpull $HNUT on #Solana has plummeted -99%. #meme pic.twitter.com/hamEanpbOX

HNUT price fell from an all-time high near $0.007 to effectively zero, with remaining liquidity of roughly $29,000 and a market capitalization of less than $1,400.

The token was launched via Solana-based Pump.fun under this contract address. This launchpad has increasingly come under scrutiny in late 2025 for enabling quick-cycle meme coin launches with minimal safeguards.

On-chain analysis surrounding HNUT revealed heavy bundled transaction activity shortly after launch.

According to reports, approximately 78% of early trading activity involved bundled transactions. This phenomenon is commonly associated with insider supply control, where multiple wallets coordinate to concentrate tokens before executing a rapid sell-off.

According to on-chain investigator Specter, signs were visible on-chain, and the structure of the launch made the outcome predictable for experienced traders.

The chart clearly shows it was a bundled.
Anybody who lost money to this is fo*l pic.twitter.com/Pz4I8dV8m8

Indeed, warnings about HNUT surfaced even before the collapse. Crypto Scam Hunter issued a scam alert a day earlier, flagging bundled on-chain behavior and supply concentration as red flags.

The post urged traders to stay away, citing transaction logs that showed coordinated transfers from multiple wallets into a single address, often a precursor to liquidity drains.

🚨 SCAM ALERT – Crypto Scam Express Call (CSEC)#CryptoScam #MemeCoinScam #RugPull

⛔️CSEC_1408: $HNUT
J149HSkELP6ZYQ3vX9JVWpnXms15htJViEeNBjuCpump

⚠️ WHY?
ON-CHAIN checked ✅ Bundles & supply control.💀

STAY AWAY FROM THIS 💩💩💩💩💩

☀️🔁REPOST🔁COMMENT🔁☀️ pic.twitter.com/p0ro8dLLx2

The aftermath of the collapse has also triggered secondary risks. Multiple community trackers reported phishing-style airdrop scams circulating on X, attempting to exploit affected traders by impersonating recovery tools or claim links. Notably, this is an increasingly common tactic following high-volume rug pulls.

Total trader losses cannot be precisely quantified from public data alone. The fast 99% drawdown effectively wiped out nearly all value for late buyers. Early entrants may have raked in some gains before the crash.

Secured a massive move with $HNUT
①
Entered at $2.3k, now sitting at $3.1M, marking an incredible 1,347.82x return!
Don't miss the next one-catch these opportunities first in my private TG!

Ca 3B9tRzRae8J3iMtYMPmFXBfUTSwZgmqBroHyw7QTpump pic.twitter.com/N7vnaeCveF

The HNUT incident highlights persistent risks within Solana’s meme coin market. Unchecked liquidity control, non-renounced contracts, and unburned LP tokens continue to allow developers or insiders to exit positions swiftly.

As meme coin activity accelerates into 2026, investors must verify contract renouncements, liquidity locks, and wallet distribution before trading. This is even more critical on rapid-launch platforms designed for speed over security.

The post HNUT Meme Coin Collapses 99% on Solana, PeckShield Flags Bundled Rug Pull appeared first on BeInCrypto.

193 +