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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%
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
Solana
Solana
Daily

$117.23

▲ 0.16%

Volume (24h): -

Resistance Levels
Resistance 3$140.4247
Resistance 2$134.73
Resistance 1$121.4333
Price$117.23
Support 1$115.92
Support 2$110.5133
Support 3$99.2334
Pivot (PP):$115.7833
Trend:Uptrend
RSI (14):65.6
DE
Decrypt Editorial
(01:09 PM UTC)
1 min read
SC
Reviewed bySarah Chen

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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Decrypt Editorial · Decrypt

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