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.
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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