GoPlus monitoring has revealed that X user ShittymikeSol, who claims to be the developer of PNUT, has been promoting meme coins like HNUT with promises of high returns. However, after HNUT's launch, its price collapsed to nearly zero. Investigations show that several early large addresses linked to ShittymikeSol's known wallet have connections to the funds, which were eventually consolidated into a single address, totaling approximately $3.7 million. This pattern of rapid post-launch price drops and fund consolidation has reportedly occurred with multiple meme coins. Users are advised to be cautious of contract and developer risks to avoid potential rug pull projects.