A meme coin on Solana's blockchain, Sharpei, has experienced a significant price drop, losing 96% of its value in an apparent "rug pull." The incident highlights the risks and unpredictability of the cryptocurrency market. As with any speculative investment, it is crucial to thoroughly research and understand the underlying technology and potential implications before making any financial decisions.

Source: https://decrypt.co/288160/solana-meme-coin-sharpei-epic-rug-pull