Another Solana-based Memecoin tanked after a sudden liquidity drain (lag pull). This time it was tied to $avishkar, a project promoted by Abishkar Raut, a 15-year-old activist known for his viral anti-corruption speeches in Nepal.
DexScreener’s on-chain data shows that the token, which briefly spiked at the time of the collapse, collapsed after the collapse as around $50,000 was withdrawn from the liquidity pool.
This event is currently circulating within Reddit as the latest pump. The Fanrugpull case study is fueling a discussion about the dangers of hype-driven meme coins that lean toward personality rather than fundamentals.
Related: HyperVault Lug Pull? Peckshield flags $3.6 million withdrawal, mixes through Tornado cash
$avishkar token tank solana
Launched in late September, $avishkar was pitched as a coin-blended activism and cryptocurrency with social impact. However, within hours of the launch, liquidity disappeared and the token price was nuked. At press time, the Avishkar/Sol pair trades near $0.875 with thin volume, resistance capped at $0.90-$0.92, and a psychological barrier of $1.00.
Without new inflows, analysts say a recovery is unlikely, leaving early buyers stuck in yet another Solana Ragpur cycle.
Investor backlash and meme culture reaction
For many retailers, the $avishkar episode is deja vu. Screenshots of the collapse have been circulating across the Crypto Reddit board (R/Cryptocurrency) and Instagram Reels (Instagram Post 1, Instagram Post 2), with traders calling it the “classic lag.” Supporters who once saw Raut as a symbol of change have accused him of selling out.
The backlash highlights a broader lesson of meme coins tied to individuals, particularly minors and viral figures.
Why this news matters beyond Nepal
The center diagram is regional, but the warning message is global. In markets like the US, UK and Dubai, where meme coins often dominate speculative trading, $avishkar’s collapse shows how quickly hype can turn into losses. A Pump.Fun launch is easy to spin up, but without fundamentals, it’s also easy to crash.
The fallout also adds fuel to ongoing calls for stronger investor protection measures and crypto literacy campaigns, especially for younger audiences exposed via social platforms.
$avishkar price action and outlook
In Pumpswap, the Avishkar/Sol pair shows the aftermath of the crash. The price consolidates around $0.875 and has very low trading volume.
sauce: dex screener
Immediate support is at $0.8750, while deeper support lies near $0.85. Resistance levels are $0.90 and $0.92, and psychological barrier is $1.00. Analysts note that a bullish recovery is unlikely unless volumes improve.
Related: Zkasino in Fore Fire: Ragpull allegations and investor concerns
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