Elon Musk apparently mistakenly assumed an account was hacked. After replying to the post, the token deployed by the hacker plunged to zero.
1 hours ago
According to Arkham, Elon Musk reportedly mistakenly replied to a hacked X account. The compromised @shivon account had earlier posted two consecutive posts about the SLINK project, after which Musk responded with a "100" emoji, sparking market speculation that he was backing the token. SLINK’s market cap briefly surged past $40 million before plummeting and gradually "going to zero". The @shivon account has since deleted the related posts, and it is confirmed to have been hacked. Trader Aurelius0121 stated that upon seeing Musk interacting with the @shivon account, he mistakenly believed Musk was supporting a project linked to Musk’s partner, so he bought approximately $250,000 worth of SLINK tokens. However, the token’s price subsequently crashed to zero, resulting in a total loss of his funds. Shivon Zilis (@shivon) is a Canadian tech executive and venture capitalist, currently serving as Director of Operations and Special Projects at Musk’s brain-computer interface firm Neuralink, and is also the mother of multiple of Musk’s children.
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Router Protocol will fully shut down at the end of September, with 303 million ROUTE tokens to be permanently burned.
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A mysterious crypto whale has bought another 343,000 HYPE tokens, bringing its total holdings to 3.24 million HYPE, all of which are staked.
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