Memecoin
South Korean prosecutors have arrested the creators of the Solana-based meme coin CatFi over allegations of a rug pull that caused around $599,000 in investor losses. The arrests mark the first application of the country's new Virtual Asset User Protection Act. The coin surged 6,000 percent following the detentions.
Reported by AI
Pump.fun generated $124.7 million in revenue during the first quarter, representing more than a third of Solana's total app revenue. This performance came even as memecoin trading declined across the network.
January 19, 2026 18:51