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via Decrypt · By Decrypt Editorial
Solana Meme Coin Surges 6,000% After Creators Arrested Over 'Rug Pull'
SOL
SOL/USDT
$88.39
+4.14%
$88.39
+4.14%
(24s)24h Volume
$3,331,113,001.08
24h H/L
$89.06 / $84.01
Change: $5.05 (6.01%)
Long/Short
69.5%
Long: 69.5%Short: 30.5%
Funding Rate
+0.0056%
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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