Solana’s meme coin MOONPIG has plummeted over 30% in 24 hours and 60% from its all-time high of $0.135, raising concerns of a potential rug pull. Key player James Wynn, a significant trader on Hyperliquid, is under suspicion for selling off large amounts of the coin after a remarkable 1500% surge. Although Wynn denies any market manipulation, the community remains skeptical. Despite the recent collapse and sell-offs, MOONPIG’s price has shown some recovery, currently trading at $0.07978. The situation reflects ongoing volatility and intrigue in the meme coin market.
Did a Whale Trigger the Crash?
