CoinScoopElon Musk's Reply to Fake Post Triggers SLINK Token Frenzy, Traders Lose $807,000
According to Onchain Lens, several traders rushed to buy the SLINK token after Elon Musk replied to a post from a compromised account belonging to Shivon Zilis. Four traders alone suffered losses totaling approximately $807,000. The market capitalization of SLINK surged to nearly $80 million before plummeting to around $2 million, marking a decline of over 97% from its peak.
Summaries are written by AI from the original article. Not investment advice.