Crypto Catastrophe: Solana Drained in 99% Rug Pull Amid Billions Vanishing from BTC & ETH
The crypto market enters New Year's Eve with a cautious mood, highlighted by a 'death-cross' warning for XRP with potential 26% downside, over $1 billion in ETF outflows for Bitcoin and Ethereum, and a 99% collapse of the Solana meme coin HNUT amid rampant token creation. This signals weak institutional demand and heightened market risks across major cryptocurrencies and the volatile meme coin sector.David Isong • Crypto • 6 months ago • 1 minute read •
Leading into New Year’s Eve, the cryptocurrency market reflects an end-of-year accounting mood, characterized by a confluence of technical warnings, significant financial outflows, and notable market collapses. This period sees XRP facing a dire technical warning, Bitcoin and Ethereum experiencing substantial ETF outflows, and Solana grappling with a major meme coin collapse, all pointing to a prevailing sentiment of caution and risk aversion.
XRP is currently under a
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