βοΈ Solana Meme Coin Pumps 6,000% After Its Creators Get ArrestedSouth Korean prosecutors charged 5 people behind the Solana meme coin CatFi over an alleged rug pull that caused around $600K in investor losses.
The case became the first application of South Koreaβs new crypto protection law against a meme coin scam.
Ironically, after the arrests became public, traders pumped the dead token nearly 6,000% in less than a day trying to βunrugβ it.
Crypto might be the only market where prosecution becomes a bullish catalyst.β
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