User pretending to be a PNUT developer accused of executing rug pull and making millions

A user masquerading as a PNUT Dev reportedly profited immensely from a fraudulent RUG pull scheme. Claims included transforming 1,000 USD into 18 million USD within a month, generating hype around the market.

After the user’s remarks on HNUT, the price fell dramatically by 99.99%. Scrutiny revealed major transactions linked to a wallet holding 3.7 million USD, with multiple MEME coins dropping significantly due to the same fraudulent network.