One of Solana’s meme coins, MOONPIG, dropped over 30% in the past 24 hours and more than 60% from its peak, triggering rugpull accusations involving trader James Wynn.
At one point, the coin had skyrocketed 1,500%, turning early investors’ $2,000 into over $1 million. But a massive sell-off sent the price crashing.
Critics claim Wynn pumped the price and then dumped, but he denies it all, saying he’s “just an investor.”
Despite the drama, MOONPIG has rebounded to $0.079, though the community is divided and the market is watching cautiously.
