Solana Memecoin M0N3Y Plunges 99% in One Minute

$M0N3Y crashed 99% during its move to $ZERA, wiping millions in value, while traders debated Solana’s growing risks in meme-driven tokens.

Business Oct 3, 2025 0 10 Add to Reading List

Solana Memecoin M0N3Y Plunges 99% in One Minute

Solana-based memecoin M0N3Y plunged 99% on October 2 within minutes, with its market cap falling from $24 million to $170k as liquidity drained during a planned migration to ZERA. The sudden drop caused a stir, but developers reassured everyone that it was a migration event and not a rug pull.

Almost 97% of $M0N3Y holders successfully swapped their tokens at a 1:1 ratio using the MigrateFun decentralized app. This completed the planned transition into ZERA, a privacy-enhanced digital cash protocol built on zero-knowledge (ZK) technology.

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