Crypto

SLINK Token Plummets Over 97% After Elon Musk's Reply

Guavy AI Editorial Team Published September 5, 2026

Instruments

SOL LINK

The Solana-based SLINK token saw its market cap surge to $80 million after Elon Musk replied to a post from Shivon Zilis's hacked account.

However, the token quickly plummeted over 97% in value, dropping to just $2 million and leaving four traders with significant losses of $807,000.

The incident highlights the volatility of cryptocurrency markets and the potential risks of trading based on public figures' actions or comments.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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