I recently came across a news story about the Meme coin HNUT on the Solana chain, which was still soaring 700% just two days ago with a market cap of up to 70 million. It suddenly plummeted from 7 cents straight down to $0.0003 within two hours, basically wiping out almost everything. The market exploded, but honestly, my first reaction upon seeing this news was—this kind of thing is bound to happen sooner or later.

On-chain monitoring data had already raised alarms; the data pattern was clearly suspicious, and sure enough, it was a Rug Pull. Now, everyone on the internet is discussing "another rug pulled," but I want to delve into something deeper.

**On-chain data never lies**

Over the past few weeks, I’ve been tracking the movements of Smart Money, and the pattern is very clear: funds from small-cap Meme coins are accelerating outflowing, and these funds are continuously consolidating into BTC, ETH, and leading projects on major public chains. The extreme case of HNUT’s "surge and then zeroing out" is essentially a microcosm of the final wave of greed and slow reactions being completely cut off.

Think of it as a warning bell—this bubble, which was purely sustained by emotion and hype, has now entered the stage of concentrated liquidation. The market’s instinct is always the most sensitive; it detects shifts in sentiment first and begins orderly withdrawals from high-risk areas.

**Emotional reversal is happening**

FOMO (Fear of Missing Out) is rapidly turning into FUD (Fear, Uncertainty, Doubt). This transition often happens faster than you expect. Once confidence starts to waver, the demand for risk aversion spikes instantly. Funds prefer to escape early; those who run out last are the ones who won’t survive.

**Short-term outlook is straightforward**

In the next 1 to 4 weeks, the overall market will face significant volatility. Altcoins and Meme sectors should be especially cautious; a wave of panic selling will bring noticeable pullbacks. Coins that lack real ecosystem support and are maintained solely by stories and hype are at high risk. Those entering the market now to buy the dip should be prepared for losses.

**Mid-term is actually an opportunity**

But this cleansing isn’t a sign of a bear market. On the contrary, a healthy bull market requires such a "detox" process. Once emotions are fully released and trash projects are cleared out, capital and market attention will return to value-driven assets.

BTC and ETH, as the market’s stabilizers, will become increasingly solid. Projects with real user bases and revenue-generating capabilities—like DeFi protocols and infrastructure tokens—will become the main drivers of the next rally once market sentiment stabilizes. Historical experience has already proven this.

**The most crucial point**

Top-tier trading logic is never about who makes money faster on meme coins, but about who can survive longer and maintain clear vision. I’ve repeatedly emphasized "be cautious of irrational prosperity" and "pay attention to on-chain fund flow changes." HNUT’s zeroing out is the most vivid case study. The market is educating every participant with real money—are you willing to learn?

Those who can read on-chain data and understand fund movements will always stay ahead of the risks.