Suspected US seizure theft wallet launches memecoin, crashes 97%

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A wallet suspected of being involved in a US government crypto seizure theft has launched a Solana memecoin, which subsequently crashed by 97%, raising concerns about tokenomics.

Market Impact

Market impact analysis based on bearish sentiment with 90% confidence.

Sentiment
Bearish
AI Confidence
90%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

A wallet linked to an alleged theft from a US government crypto seizure launched a Solana memecoin on Pump.fun that later crashed 97%, sparking tokenomics warnings.

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Full article on CoinTelegraph
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Original article published by CoinTelegraph on January 28, 2026.
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