On November 3, the X account belonging to rapper Wiz Khalifa was reportedly hacked, with the hackers posting a scam memecoin to Khalifa’s 35.7 million followers.
In a post that has since been deleted on November 3, the hackers who gained control of Khalifa’s X account claimed that the rapper was collaborating with his team to introduce $WIZ to the crypto community.
The WIZ memecoin, launched on the Solana-based memecoin platform pump.fun, quickly surged to a peak value of $3.4 million just 15 minutes after its launch. However, the market capitalization of the memecoin plummeted to below $28,000 within the next hour as early investors sold off large quantities of the token. As of now, WIZ is trading at $8,400, according to data from DEX Screener.
Data aggregated from Solscan indicates that the top two wallets purchased around 155 million WIZ tokens at launch for $19,100 and made a combined profit of $160,000 by selling them.
Although the identity of the suspected attacker and the method used to hack Khalifa’s account remain unknown, blockchain investigator ZachXBT believes that the same hacker was behind the recent takeover of Truth Terminal developer Andy Ayrey’s account on October 29.
In a public message on November 3, Zach warned against buying the Wiz Khalifa Pump Fun token, linking it to the hacker who compromised Andy Ayrey’s account. The posts promoting the memecoin have been removed, but there has been no confirmation on whether control of Khalifa’s account has been restored.
Just a week prior, Ayrey’s X account was hacked on October 29, with the attackers using his profile to promote several fraudulent memecoins, resulting in a total profit of $1.5 million.
Truth Terminal, an AI bot, was instrumental in driving the memecoin Goatseus Maximus (GOAT) to a peak valuation of $940 million. Currently, GOAT has a market cap of $544 million, down 39% from its all-time high on October 24, according to data from DEX Screener.