Master Of Scams: Metallica’s Hacked X Account Promotes Solana Token
2024年6月27日 - 10:00AM
NEWSBTC
Nearly a month after Caitlyn Jenner launched her JENNER token, the
celebrity memecoin frenzy continues. This time, iconic heavy metal
band Metallica joined the list of public figures involved with
Solana tokens. However, the band’s participation in the crypto
industry was yet another X account hack targeting investors.
Related Reading: Will Bitcoin Have A ‘Red Monday, Green Week’?
Analyst Sets $63,500 Target Solana-Based METAL Takes Over Crypto
The iconic heavy metal band Metallica recently announced a
collaboration with the popular videogame Fortnite. The
collaboration seemingly aims to bring the band’s music to a new
demographic of music enjoyers. Nonetheless, the announcement was
eclipsed by the Metallica X account’s failed “attempt” to “join” a
different community. On Tuesday night, the account shared a post
offering a Solana-based token to their fans. The post announced the
launch of METAL, an alleged collaboration between the band and
Ticketmaster. The token was described as a “dynamic new token on
the Solana blockchain poised to revolutionize how you experience
events and online shopping.” Unlike other celebrity memecoin scams,
the token offered utility from the get-go. Users who used METAL to
buy concert tickets would receive exclusive Ticketmaster discounts
of up to 25%. METAL holders would also get the chance to win free
tickets through “exclusive airdrops.” The X posts announced three
signed “insanely rare Metal Token Xbox Series X consoles” for the
token holders. Additionally, it promised the METAL token would
“seamlessly integrate into your shopping experience, powered by the
reliability of Solana for effortless transactions.” Master Of
Tokens Or Master Of Nothing? Metallica fans and crypto investors
quickly became wary of the posts. Users began debating whether the
announcements were fake and if the account had been hacked. One X
user suggested the band would not “ruin their reputation by
launching a shitcoin” and rugging it. Despite the user’s initial
suspicion, several users fell into the meticulously planned scam.
As a community member pointed out, the graphics for the posts, and
the posts themselves, were “pretty well done.” The attackers also
assured users that METAL was not a scam and the band was “in it for
the long haul.” The hacker also claimed that the crypto payment
company MoonPay was collaborating with the band. However, the
company quickly denied their involvement, stating that the
responsible for the hack was not the master of puppets but the
“master of scams.” As an X user pointed out, the Solana-based
token’s market capitalization surpassed $2 million. However, it
quickly plummeted after the band recovered access to the X account
and deleted the promotional posts. Related Reading: Fact Or
Fantasy? Decoding The Bitcoin Rainbow Chart’s $250,000 Prediction
Nonetheless, one investor managed to become a master of tokens.
Online reports revealed that a trader turned a $3.380 investment
into $24,600. The “lucky” investor bought the tokens at a $50,000
market cap and sold at the high of the scam. As of this writing,
the token is trading at $0.00002031, a 99.3% decrease from its
highest price of $0.003353. Furthermore, METAL’s market cap is
$20,000, representing a 9000% drop. Featured Image from
Unsplash.com, Chart from TradingView.com
Solana (COIN:SOLUSD)
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Solana (COIN:SOLUSD)
過去 株価チャート
から 6 2023 まで 6 2024