The third-largest meme coin on the Solana chain, HNUT, has surged over 700%, with multiple monitoring alerts indicating potential RUG risks.

BlockBeats News, December 30th, according to GMGN monitoring, the Meme coin HNUT on the Solana chain experienced significant price fluctuations today, with a 703% increase within 24 hours, currently reported at $0.055, and its market capitalization surged to approximately $55.03 million. It is currently ranked 11th by market cap and third on the 24-hour trading volume list. The token’s trading volume in the past 24 hours is about $5.5 million, and the number of holding addresses has exceeded 10,000. HNUT originated from humorous images and texts about “Holly The Squirrel” on social media. However, multiple on-chain monitoring platforms, including Crypto Scope, have pointed out that its liquidity activity and on-chain data patterns are abnormal, indicating a RUG risk, and investors are advised to remain cautious. BlockBeats reminds users that Meme coin trading is highly volatile, largely dependent on market sentiment and hype, and lacks intrinsic value or utility. Investors should be aware of the risks.