Kylie Jenner's Hacked X Account Promotes Solana Memecoin
Kylie Jenner's official X account was compromised on an unspecified date, allowing an attacker to promote a Solana-based memecoin.
The unauthorized post included a link to Pump.fun and a token contract address, leading to a surge in buying activity that drove the token's price up by over 90%.
However, once the promotional post was removed, the token's value plummeted more than 90%, leaving late buyers with significant losses.
This incident highlights the risks associated with meme-based cryptocurrencies and the importance of verifying the authenticity of investment opportunities, even when they appear to come from trusted sources.