HNUT "Wealth Creation Myth" Exposed: RUG Group Controls Dozens of MEME Coins for Pump and Dump Rug Pull Squad

BlockBeats News, January 5th, GoPlus posted on social media, stating that recently an account named "ShittymikeSol," claiming to be a developer of the $PNUT project, publicly promoted a "get-rich-quick story of turning $1000 into $18 million within a month" on social media, and claimed to lead users to "replicate success" through live streaming. However, an investigation found that the coin exhibited typical "Rug Pull" characteristics in its price trend, revealing a systematic scheme to exploit retail investors.

On December 29, 2025, ShittymikeSol posted that it was the "first real Alpha trade after a year of rest," claiming to have invested $500 in $HNUT, which surged to $200,000 within a day, and then closed at the peak the next day, making a profit of $700,000. The tweet also guided users to follow suit and join its Telegram community. However, the community quickly reported a 99.99% price crash of $HNUT, indicating a possible project team pullout.

After conducting on-chain analysis of the $HNUT project team address, GoPlus did not find significant profits. However, by tracking early large transactions and suspected "whale" addresses, the fund flow ultimately pointed to a wallet (9B1fR...WZb4) publicly disclosed by ShittymikeSol in August. Further tracking revealed that this network had consolidated the funds to a unified address (2hnAT...GUjf) in the past eight days, with a total amount of up to $3.7 million. It is worth noting that even the remaining funds in the $HNUT project team address flowed to this consolidation address.

A deeper investigation revealed that the associated addresses mentioned above had successively created and controlled dozens of MEME coins such as $SHEKER, $Gonk, $MADURO, $FAFO, $Trump, $DIM, $TRUMP2, $BANGER, $Lily, $ROY, $horge, $WhiteShark, $TRUMP, $bork, $bonkdog, $BITPEPE using the same modus operandi. These coins all experienced a "cliff-like drop" or "Super Mario-style plunge" (a sudden 99% drop) where all remaining project funds and profits from suspected whale addresses ultimately flowed to the same consolidation address (2hnAT...GUjf).

GoPlus reminds investors to remain vigilant against high-yield promises and carefully discern the true motives behind so-called "KOL shills."