Wallet tied to alleged US seizure theft launches Solana memecoin, down 97%
Blockchain investigators linked a wallet associated with an alleged US government crypto seizure theft to the launch of a Solana memecoin on Pump.fun that plunged about 97% within its first day. The token's market cap briefly reached about $915,000 before sliding below $25,000, while Bubblemaps said the deployer held 40% at launch and ZachXBT reported Friday tracing related wallets.