Solana-based meme coin HNUT skyrocketed by 703% in the past 24 hours, reaching a price of $0.055 and a market capitalization of $55.03 million. The surge was fueled by a viral social media post about "Holly The Squirrel," propelling HNUT to the third spot in 24-hour trading volume with over $5.5 million in trades. Despite the impressive gains, on-chain analysis from platforms such as Crypto Scope has flagged unusual liquidity and trading activity, sparking warnings of a potential rug pull. The volatility of meme coins like HNUT underscores their reliance on market sentiment rather than intrinsic value.