The meme coin phenomenon has remained a dominant topic in the cryptocurrency world, capturing the market’s attention with its rapid growth. Notably, Solana-based endeavors have been at the heart of this viral trend. Recently, the community was shaken by the news suggesting that notable internet entrepreneurs Justin Kan and Packy McCormick might have fallen prey to account hackers.
High-Profile Personalities Targeted
The meme coin surge, while creating wealth for some, appears to have exposed public figures to increased cyber risks. Justin Kan and Packy McCormick, recognized for their contributions to TwitchTV and JustinTV, have been implicated in unusual social media activity that has raised eyebrows among crypto enthusiasts.
The duplicate messages and wallet address shared on these celebrities’ platforms have led to suspicions of account takeovers. Although there has been no formal confirmation, additional messages have surfaced, directing followers on how to engage with transactions for a meme coin called PACKY.
Investor Caution Amid Speculation
Despite the buzz around the PACKY project and ambitious claims made in newer posts, there remains a lack of verified information. This has prompted the crypto community to advise against transferring funds to the mentioned SOL wallets due to security concerns.
The focus also turns to Solana‘s SOL, a key player in the meme coin space. Following an impressive peak at 210 dollars, SOL suffered a sharp decline, dropping to 167 dollars amidst a broader market downturn. However, in a recent rebound, SOL’s price has surged to $190.37, with its market capitalization also experiencing a significant upswing to more than 84 billion dollars. The trading volume for SOL has seen a decline, suggesting investor hesitancy to sell and possible anticipation of the coin’s future performance.