Solana Memecoin M0N3Y Plunges 99% in One Minute

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Well, hold onto your wallets, folks-because if you blinked, you missed it. Solana-based memecoin M0N3Y took a nosedive so spectacular, even the markets needed a moment. In a mere few minutes on October 2, its market cap plunged from a solid $24 million to a *pathetic* $170K. What happened? Oh, just a “planned migration” to ZERA-because obviously, those things always go smoothly… 😅

But hey, no need to panic! Developers reassured us all it was just a “migration event” and not some sneaky rug pull. Because, of course, we trust *that* one. 🙄 But in the midst of the chaos, almost 97% of M0N3Y holders swapped their tokens at a 1:1 ratio using the oh-so-reliable MigrateFun decentralized app. So, that’s a win, right? 🙄

🔄 MIGRATION HAS ENDED!
The transition from @mnplyM0N3Y to @ZeraLabs is complete. $ZERA is now live!
8avjtjHAHFqp4g2RR9ALAGBpSTqKPZR8nRbzSTwZERA

Welcome to the new Zero-Knowledge Era and the next generation of crypto privacy!

– mnply M0N3Y (@mnplyM0N3Y) October 2, 2025

In the midst of all the drama, $20 million in liquidity *magically* reappeared. ZERA kicked off at $0.02 per token on October 3-because who needs stability when you’ve got a brand-new privacy protocol, right?

Market Shock and On-Chain Data

DexScreener showed the M0N3Y/SOL pair on Raydium tanking faster than my hope in this whole crypto thing. After the 99.58% plunge, it dropped to a mind-blowing $0.0001550. And let’s talk volume: $2.8 million traded, with $1.7 million in sell orders and just a few brave souls buying. With liquidity dipping to a measly $89,000, the crash was… *extra* dramatic.

Even with all those trades, the price never bounced back. It just *sat there*-flat and lifeless, like my enthusiasm for these meme coins. Most investors had clearly given up hope, proving that even memes can’t save you when you’re drowning in a sea of failure.

Another Solana Meme Collapse

And if you think this was a one-time fluke, think again. The very same week, another Solana meme token, Avishkar, took its own nosedive. Tied to 15-year-old activist Avishkar Raut, the project lost about $50,000 in liquidity just after launching. Reddit was on fire, accusing the whole thing of being a classic pump-and-dump scheme. Who knew? Another *totally* trustworthy meme coin gone wrong. Who could have predicted that? 🙄

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2025-10-03 14:09