Like Hulk Hogan, 50 Cent, Sydney Sweeney, and Metallica before them, rap star Doja Cat's name is being used to "inflate" a Token.
Doja Cat's X account was hacked to "shill" memecoin on Solana
The trend of memecoins being inflated in price by following celebrities regardless of whether they confirm their participation or not still shows no signs of cooling down. According to the latest information on July 9, 2024, American female singer and rapper Amalaratna Zandile Dlamini (also known by her stage name Doja Cat) joined this list with the act of promoting a memecoin on Solana.
However, many sources from the community and even the "owner" quickly corrected that Doja Cat's X (old Twitter) account was being attacked by a security attack, leading to the "shilling" of an unknown memecoin. background.
Doja Cat 's account only the smart contract linked to this Token .
The hacker posted more than two dozen tweets and removed the profile picture and description from Doja Cat's account, which had about 5.6 million Watcher.
The hacker even took the action of "slandering" a post promoting memecoin by another celebrity, Iggy Azalea - the stage name of female rapper Amethyst Amelia Kelly, who has participated in the crypto market and often "shills". memecoin MOTHER on her X - stating that "DOJA is the true memecoin queen of the Solana system".
In response to the "nasty" words from Doja Cat account, Azalea tweeted:
"Go ahead and act like a scam if you want, but I'm quite close to Doja Cat in real life, so you guys failed at that idea, hackers.
As far as I know, she has no intention of creating a Token. She had her social media accounts hacked - same thing happened to Sydney Sweeney last week to promote fake SWEENEY Token ."
As far as I know there's no intention for her to make a Token. She's just hacked, that's all. Same as last week with Sydney.
— IGGY AZALEA (@IGGYAZALEA) July 8, 2024
According to on-chaindata , the DOJA Token has a small operating history with less than 18,000 transactions, generating a Volume of about 2.2 million USD after 13 hours of "birth". At the time of Token launch, DOJA reached a market Capital of 500,000 USD but very quickly "evaporated" 96% of its value to only 22,000 USD at the time of writing.
Price chart of the DOJA/ SOL trading pair taken on the evening of July 9, 2024 on Dex Screener.
This is the latest in a series of attacks involving hacked social media accounts of celebrities, often with tens of millions of Watcher , and involving memecoins on Solana.
Similar incidents that occurred before Doja Cat include former wrestling star Hulk Hogan, rapper 50 Cent, Sydney actress Bernice Sweeney and Metallica - one of the most famous metal bands of all time. The common point of these cases is that hackers all target social network accounts of famous people, who often have tens of millions of Watcher, and the "shill" Token are created through the pump.fun platform.
Low costs along with fast transaction speeds on Solana have created a perfect environment for "trending" memecoins and pump.fun is the missing Shard for those memecoins as the project allows Token creation just through a few mouse clicks with abundant liquidation from more than 50 thousand daily users, leading to the daily revenue of the entire pump.fun network "surpassing" Ethereum .
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