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{"actor":"system:backfill","investigation_id":"d8fdda2e-2ce6-4195-b423-584e9bb1739e","kind":"publish","page_slug":"hnut-holly-the-squirrel-solana-meme-coin","published_at":"2026-09-22T12:15:00.973Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"HNUT (Holly The Squirrel) Solana Meme Coin","sections":[{"content":"HNUT is a Solana-based meme coin themed around a social media character called 'Holly The Squirrel.' The token was launched on Pump.fun, a Solana token launchpad, under contract address J149HSkELP6ZYQ3vX9JVWpnXms15htJViEeNBjuCpump. The token had no disclosed utility, whitepaper, or named development team. Its origin was attributed to viral social media content featuring a squirrel character. Meme coins of this type derive value entirely from speculative sentiment rather than any underlying product or service.","heading":"Token Overview","severity":"medium","sources":[{"credibility":2,"name":"HNUT Meme Coin Collapses 99% on Solana, PeckShield Flags Bundled Rug Pull — Yahoo Finance","type":"news_article","url":"https://finance.yahoo.com/news/hnut-meme-coin-collapses-99-103900867.html"},{"credibility":2,"name":"Solana Meme Coin HNUT Surges Over 700% in 24 Hours Amid Rug Pull Warnings — KuCoin / ChainCatcher","type":"news_article","url":"https://www.kucoin.com/news/flash/solana-meme-coin-hnut-surges-over-700-in-24-hours-amid-rug-pull-warnings"},{"credibility":2,"name":"Holly The Squirrel (HNUT) token page — Bitget Web3","type":"on_chain","url":"https://web3.bitget.com/en/swap/sol/J149HSkELP6ZYQ3vX9JVWpnXms15htJViEeNBjuCpump"}]},{"content":"On or around December 30, 2025, HNUT recorded a 24-hour price gain of approximately 703%, reaching a reported peak price of $0.055 and a market capitalization of roughly $55 million according to KuCoin and ChainCatcher. Separate reporting by Bitget News cited a peak market cap of approximately $70.94 million, suggesting figures varied across data providers at different measurement windows. During this surge, HNUT briefly ranked third in 24-hour trading volume on Solana. On December 29, 2025 — the day before PeckShield's public alert — Crypto Scam Hunter reportedly issued a warning flagging coordinated transfers from multiple wallets into a single address, which the firm described as a pattern that can precede liquidity drains. On-chain monitoring platform Crypto Scope also reportedly flagged abnormal liquidity and on-chain activity during the surge, according to Phemex News and KuCoin reporting.","heading":"Price Surge and Pre-Collapse Warnings","severity":"high","sources":[{"credibility":2,"name":"Solana Meme Coin HNUT Surges Over 700% in 24 Hours Amid Rug Pull Warnings — KuCoin / ChainCatcher","type":"news_article","url":"https://www.kucoin.com/news/flash/solana-meme-coin-hnut-surges-over-700-in-24-hours-amid-rug-pull-warnings"},{"credibility":2,"name":"Solana Meme Coin HNUT Soars 703% Despite Rug Pull Concerns — Phemex News","type":"news_article","url":"https://phemex.com/news/article/solana-meme-coin-hnut-soars-703-despite-rug-pull-concerns-50210"},{"credibility":2,"name":"Solana-based meme coin HNUT suspected of rug pull, price plummets 99% — Bitget News","type":"news_article","url":"https://www.bitget.com/news/detail/12560605126402"},{"credibility":2,"name":"HNUT Meme Coin Collapses 99% on Solana — BitRss (aggregating original reporting)","type":"news_article","url":"https://bitrss.com/hnut-meme-coin-collapses-99-on-solana-peckshield-flags-bundled-rug-pull-167593"}]},{"content":"On December 30, 2025, blockchain security firm PeckShield publicly flagged HNUT and reported the token's price had collapsed approximately 99%. PeckShield's on-chain analysis indicated that roughly 78% of early trading activity involved bundled transactions — a pattern in which multiple wallets coordinate purchases in a single block or sequence to concentrate token supply, commonly used to inflate apparent demand before executing a coordinated sell-off. PeckShield characterized the event as consistent with what is commonly described as a 'bundled rug pull.' No developer identities were named in PeckShield's public reporting. The bundled transaction pattern and the scale of supply concentration constitute on-chain evidence flagged by a recognized security firm, though no court or regulator has made a finding of fraud in connection with HNUT as of the investigation date.","heading":"PeckShield Alert and Bundled Transaction Analysis","severity":"critical","sources":[{"credibility":2,"name":"HNUT Meme Coin Collapses 99% on Solana, PeckShield Flags Bundled Rug Pull — Yahoo Finance","type":"news_article","url":"https://finance.yahoo.com/news/hnut-meme-coin-collapses-99-103900867.html"},{"credibility":2,"name":"99% Nuke on This Meme Coin Raises Fresh Rug Pull Concerns — BeInCrypto","type":"news_article","url":"https://beincrypto.com/solana-hnut-meme-coin-collapse/"},{"credibility":2,"name":"HNUT Meme Coin Collapses 99% on Solana — BitRss","type":"news_article","url":"https://bitrss.com/hnut-meme-coin-collapses-99-on-solana-peckshield-flags-bundled-rug-pull-167593"}]},{"content":"Following the price collapse, HNUT's remaining liquidity was reported at approximately $29,000 and its market capitalization at under $1,400, according to reporting aggregated by BitRss and BeInCrypto. The token price had fallen from a high near $0.055–$0.07 (figures varied by source and measurement timing) to effectively zero. The token remained tradeable on Pump.fun-graduated markets but with negligible liquidity. One anecdotal report cited by BitRss described a trader who allegedly entered a position at $2,300 and held a notional value of $3.1 million before the collapse; this figure is unverified and appears in secondary reporting only.","heading":"Post-Collapse Market State","severity":"critical","sources":[{"credibility":2,"name":"99% Nuke on This Meme Coin Raises Fresh Rug Pull Concerns — BeInCrypto","type":"news_article","url":"https://beincrypto.com/solana-hnut-meme-coin-collapse/"},{"credibility":2,"name":"HNUT Meme Coin Collapses 99% on Solana — BitRss","type":"news_article","url":"https://bitrss.com/hnut-meme-coin-collapses-99-on-solana-peckshield-flags-bundled-rug-pull-167593"},{"credibility":2,"name":"Solana-based meme coin HNUT suspected of rug pull, price plummets 99% — Bitget News","type":"news_article","url":"https://www.bitget.com/news/detail/12560605126402"}]},{"content":"Following the collapse, multiple community trackers and news aggregators reported the emergence of phishing-style accounts on X (formerly Twitter) impersonating recovery tools or airdrop claim links targeting traders who had lost funds. This tactic — exploiting the aftermath of a high-profile meme coin collapse to harvest credentials or additional funds from affected holders — is a documented pattern across the Solana meme coin ecosystem. No specific phishing domains, wallet addresses, or perpetrators were named in the sources reviewed. The phishing activity attributed to HNUT's collapse was reported as secondary and distinct from the original token launch.","heading":"Secondary Phishing Activity","severity":"high","sources":[{"credibility":2,"name":"HNUT Meme Coin Collapses 99% on Solana, PeckShield Flags Bundled Rug Pull — Yahoo Finance","type":"news_article","url":"https://finance.yahoo.com/news/hnut-meme-coin-collapses-99-103900867.html"},{"credibility":2,"name":"99% Nuke on This Meme Coin Raises Fresh Rug Pull Concerns — BeInCrypto","type":"news_article","url":"https://beincrypto.com/solana-hnut-meme-coin-collapse/"}]},{"content":"As of the investigation date (September 2026), no regulatory action by the SEC, CFTC, DOJ, or any equivalent authority has been publicly reported in connection with HNUT or its launch. No civil lawsuit, indictment, or criminal complaint has been identified. The developer or developers behind the token have not been publicly identified in any source reviewed. The absence of a regulatory action does not constitute a finding of legitimacy; it reflects that no action has been reported as of this date.","heading":"Regulatory and Legal Status","severity":"medium","sources":[{"credibility":2,"name":"HNUT Meme Coin Collapses 99% on Solana, PeckShield Flags Bundled Rug Pull — Yahoo Finance","type":"news_article","url":"https://finance.yahoo.com/news/hnut-meme-coin-collapses-99-103900867.html"}]},{"content":"HNUT was launched through Pump.fun, a Solana token launchpad that allows anyone to create and launch a token within minutes at minimal cost. Pump.fun has faced increasing scrutiny for enabling rapid-cycle meme coin launches with limited safeguards against supply concentration or coordinated exit schemes. In January 2025, a lawsuit was filed against Pump.fun alleging it exploited users with offensive content, according to The Crypto Basic. The platform itself is not alleged to have been a direct participant in the HNUT event; its role was as launch infrastructure.","heading":"Pump.fun Platform Context","severity":"medium","sources":[{"credibility":2,"name":"Solana Launchpad Pump.fun Officially Sued — The Crypto Basic","type":"news_article","url":"https://thecryptobasic.com/2025/01/17/solana-launchpad-pump-fun-officially-sued-for-exploiting-and-targeting-users-with-offensive-content/"},{"credibility":2,"name":"What Is Pump.fun? The Solana Meme Coin Factory — Decrypt","type":"news_article","url":"https://decrypt.co/resources/what-is-pump-fun-the-solana-meme-coin-factory"}]}],"sources_used":[{"credibility":2,"name":"HNUT Meme Coin Collapses 99% on Solana, PeckShield Flags Bundled Rug Pull — Yahoo Finance","type":"news_article","url":"https://finance.yahoo.com/news/hnut-meme-coin-collapses-99-103900867.html"},{"credibility":2,"name":"99% Nuke on This Meme Coin Raises Fresh Rug Pull Concerns — BeInCrypto","type":"news_article","url":"https://beincrypto.com/solana-hnut-meme-coin-collapse/"},{"credibility":2,"name":"Solana Meme Coin HNUT Soars 703% Despite Rug Pull Concerns — Phemex News","type":"news_article","url":"https://phemex.com/news/article/solana-meme-coin-hnut-soars-703-despite-rug-pull-concerns-50210"},{"credibility":2,"name":"Solana Meme Coin HNUT Surges Over 700% in 24 Hours Amid Rug Pull Warnings — KuCoin / ChainCatcher","type":"news_article","url":"https://www.kucoin.com/news/flash/solana-meme-coin-hnut-surges-over-700-in-24-hours-amid-rug-pull-warnings"},{"credibility":2,"name":"Solana-based meme coin HNUT suspected of rug pull, price plummets 99% — Bitget News","type":"news_article","url":"https://www.bitget.com/news/detail/12560605126402"},{"credibility":2,"name":"HNUT Meme Coin Collapses 99% on Solana — BitRss","type":"news_article","url":"https://bitrss.com/hnut-meme-coin-collapses-99-on-solana-peckshield-flags-bundled-rug-pull-167593"},{"credibility":2,"name":"Holly The Squirrel (HNUT) token page — Bitget Web3","type":"on_chain","url":"https://web3.bitget.com/en/swap/sol/J149HSkELP6ZYQ3vX9JVWpnXms15htJViEeNBjuCpump"},{"credibility":2,"name":"Solana Launchpad Pump.fun Officially Sued — The Crypto Basic","type":"news_article","url":"https://thecryptobasic.com/2025/01/17/solana-launchpad-pump-fun-officially-sued-for-exploiting-and-targeting-users-with-offensive-content/"},{"credibility":2,"name":"What Is Pump.fun? The Solana Meme Coin Factory — Decrypt","type":"news_article","url":"https://decrypt.co/resources/what-is-pump-fun-the-solana-meme-coin-factory"}],"summary":"HNUT, branded 'Holly The Squirrel,' was a Solana-based meme coin launched via Pump.fun in late December 2025 that surged over 700% before collapsing approximately 99% from its all-time high within days. Blockchain security firm PeckShield flagged roughly 78% of early trading volume as bundled transactions, a pattern associated with coordinated insider accumulation prior to a rapid exit. No developer identities have been publicly confirmed and no regulatory or law enforcement actions have been reported as of the investigation date.","timeline":[{"date":"2025-12-29","event":"Crypto Scam Hunter reportedly issued a warning flagging coordinated multi-wallet transfers into a single address as a potential precursor to a liquidity drain.","source":"BitRss aggregating original reporting","source_url":"https://bitrss.com/hnut-meme-coin-collapses-99-on-solana-peckshield-flags-bundled-rug-pull-167593"},{"date":"2025-12-30","event":"HNUT recorded a reported 24-hour surge of approximately 703%, reaching a peak price cited between $0.055 and $0.07 depending on source, with market cap estimates ranging from $55 million to $70.94 million. Crypto Scope and other monitoring platforms flagged abnormal liquidity and on-chain activity during the surge.","source":"KuCoin / ChainCatcher; Phemex News; Bitget News","source_url":"https://www.kucoin.com/news/flash/solana-meme-coin-hnut-surges-over-700-in-24-hours-amid-rug-pull-warnings"},{"date":"2025-12-30","event":"PeckShield publicly flagged HNUT, reporting the token had collapsed approximately 99% from its all-time high. PeckShield stated roughly 78% of early trading volume involved bundled transactions consistent with insider supply concentration. Remaining liquidity was reported at approximately $29,000 and market cap at under $1,400.","source":"Yahoo Finance; BeInCrypto; BitRss","source_url":"https://finance.yahoo.com/news/hnut-meme-coin-collapses-99-103900867.html"},{"date":"2025-12-30","event":"Secondary phishing accounts on X began circulating, reportedly impersonating recovery tools or airdrop claim links targeting HNUT holders who had lost funds.","source":"Yahoo Finance; BeInCrypto","source_url":"https://beincrypto.com/solana-hnut-meme-coin-collapse/"}]},"v":1}