Wallet Linked to Alleged US Seizure Theft Launches Memecoin
A Solana memecoin launched from a wallet linked to an alleged theft of US government-seized crypto collapsed 97%, raising fresh concerns over memecoin launch practices.
A Solana memecoin launched from a wallet linked to an alleged theft of US government-seized crypto collapsed 97%, raising fresh concerns over memecoin launch practices.
Solana-based meme coin White Whale fell 60% within minutes after large holders sold $1.3 million in tokens, sparking rug pull accusations across the market.
Memecoin launchpad Pump.fun is expanding beyond token launches with the creation of Pump Fund, an investment arm that will back up to 12 early-stage projects through a $3 million hackathon.
Former New York City Mayor Eric Adams is facing criticism after a token he promoted saw a rapid liquidity withdrawal, triggering accusations of a potential rug pull.
Memecoins rebounded sharply entering 2026, with market capitalization rising more than 23% and transaction volumes nearly quadrupling week over week.