Crypto

Solana Meme Coin Surges 6,000% After Creators Arrested Over ‘Rug Pull’

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In brief

  • South Korean prosecutors charged five over a “rug pull” on Solana meme coin launchpad Pump.fun, in the first use of the country’s new Virtual Asset User Protection Act.
  • The creators of meme token CatFi are accused of causing $600,000 in damages to 256 investors.
  • Following the news,…

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