HUNT "Wealth Creation Myth" Exposed: RUG Group Controls Dozens of MEME Coins for Pump and Dump Follow-along Scheme
BlockBeats News, January 5th, GoPlus announced on social media that a user named "ShittymikeSol," claiming to be a developer of the $PNUT project, recently boasted on social media about a "get-rich-quick story of turning $1,000 into $18 million within a month." He claimed that he would lead users to "replicate success" through a live broadcast. However, an investigation revealed that the token exhibited typical "Rug Pull" behavior, implicating a network of addresses systematically draining funds from retail investors.
On December 29, 2025, ShittymikeSol claimed in a post that it was the "first real Alpha trade after a year of rest," stating that he invested $500 in $HNUT, which surged to $200,000 within a day. He then closed his position at the peak the next day, making a profit of $700,000. The post also encouraged users to follow his trades and join his Telegram group. However, the community quickly reported a 99.99% price crash of $HNUT, indicating a possible rug pull by the project team.
After conducting on-chain analysis of the $HNUT project team's address, GoPlus did not find significant profits. Still, by tracking early large transactions and suspected "whale" addresses, the fund flow eventually led to a wallet publicly disclosed by ShittymikeSol in August (address starting with 9B1fR…WZb4). Further tracking revealed that this network had consolidated funds to a single address (address starting with 2hnAT…GUjf) in the past eight days, with a total amount of $3.7 million. It is noteworthy that even the remaining funds from the $HNUT project team's address flowed to this consolidated address.
A deeper investigation revealed that the associated addresses mentioned above used the same method to create and control dozens of MEME coins such as $SHEKER, $Gonk, $MADURO, $FAFO, $Trump, $DIM, $TRUMP2, $BANGER, $Lily, $ROY, $horge, $WhiteShark, $TRUMP, $bork, $bonkdog, $BITPEPE, and more. All of these tokens experienced a "cliff-drop" or "Super Mario-style plunge" (a sudden 99% drop) where the remaining funds of the project teams and profits from suspected whale addresses eventually flowed to the same consolidated address (address starting with 2hnAT…GUjf).
GoPlus reminds investors to remain vigilant against high-yield promises and carefully discern the true motives behind so-called "KOL shills."
You may also like

Who's at the CFTC Table? A Rebalancing of American Fintech Discourse
AI Trading vs Human Crypto Traders: $10,000 Live Trading Battle Results in Munich, Germany (WEEX Hackathon 2026)
Discover how AI trading outperformed human traders in WEEX's live Munich showdown. Learn 3 key strategies from the battle and why AI is changing crypto trading.
Elon Musk's X Money vs. Crypto's Synthetic Dollars: Who Wins the Future of Money?
How do Synthetic Dollars work? This guide explains their strategies, benefits over traditional stablecoins like USDT, and risks every crypto trader must know.

The Israeli military is hunting a mole on Polymarket

Q4 $667M Net Loss: Coinbase Earnings Report Foreshadows Challenging 2026 for Crypto Industry?

BlackRock Buying UNI, What's the Catch?

Lost in Hong Kong

Gold Plunges Over 4%, Silver Crashes 11%, Stock Market Plummet Triggers Precious Metals Algorithmic Selling Pressure?

Coinbase and Solana make successive moves, Agent economy to become the next big narrative

Aave DAO Wins, But the Game Is Not Over

Coinbase Earnings Call, Latest Developments in Aave Tokenomics Debate, What's Trending in the Global Crypto Community Today?

ICE, the parent company of the NYSE, Goes All In: Index Futures Contracts and Sentiment Prediction Market Tool

On-Chain Options: The Crossroads of DeFi Miners and Traders

How WEEX and LALIGA Redefine Elite Performance
WEEX x LALIGA partnership: Where trading discipline meets football excellence. Discover how WEEX, official regional partner in Hong Kong & Taiwan, brings crypto and sports fans together through shared values of strategy, control, and long-term performance.

Best Crypto to Buy Now February 10 – XRP, Solana, Dogecoin
Key Takeaways XRP is set to revolutionize cross-border transactions, potentially reaching $5 by the end of Q2 with…

Kyle Samani Criticizes Hyperliquid in Explosive Post-Departure Market Commentary
Key Takeaways: Kyle Samani, former co-founder of Multicoin Capital, publicly criticizes Hyperliquid, labeling it a systemic risk. Samani’s…

Leading AI Claude Forecasts the Price of XRP, Cardano, and Ethereum by the End of 2026
Key Takeaways: XRP’s value is projected to reach $8 by 2026 due to major institutional adoption. Cardano (ADA)…

Bitcoin Price Prediction: Alarming New Research Cautions Millions in BTC at Risk of ‘Quantum Freeze’ – Are You Ready?
Key Takeaways Quantum Threat to Bitcoin: The rise of quantum computing presents a unique security challenge to Bitcoin,…
Who's at the CFTC Table? A Rebalancing of American Fintech Discourse
AI Trading vs Human Crypto Traders: $10,000 Live Trading Battle Results in Munich, Germany (WEEX Hackathon 2026)
Discover how AI trading outperformed human traders in WEEX's live Munich showdown. Learn 3 key strategies from the battle and why AI is changing crypto trading.
Elon Musk's X Money vs. Crypto's Synthetic Dollars: Who Wins the Future of Money?
How do Synthetic Dollars work? This guide explains their strategies, benefits over traditional stablecoins like USDT, and risks every crypto trader must know.