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via Decrypt · By Decrypt Editorial
Solana Meme Coin Surges 6,000% After Creators Arrested Over 'Rug Pull'
SOL
SOL/USDT
$117.48
+3.41%
$117.48
+3.41%
(24s)24h Volume
$3,555,712,771.83
24h H/L
$118.44 / $112.52
Change: $5.92 (5.26%)
Long/Short
66.3%
Long: 66.3%Short: 33.7%
Funding Rate
+0.0013%
Longs pay
Data provided by COINOTAG DATALive data
DE
Decrypt Editorial(01:09 PM UTC)
1 min read
In brief
- South Korean prosecutors charged five over a "rug pull" on Solana meme coin launchpad Pump.fun, in the first use of the country's new Virtual Asset User Protection Act.
- The creators of meme token CatFi are accused of causing $600,000 in damages to 256 investors.
- Following the news, traders pumped the dormant CatFi token almost 6,000% in an attempt to "unrug" it, though it remains 96%…
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