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."