50 Cent's Account Hijacked in $18.6M Solana Token Pump-and-Dump

Twitter quickly locked 50 Cent's account. All tweets became inaccessible.

GUNIT's value plummeted on the news. But some folks are still buying. The token's market cap is around $150,000 at the time of writing.

50 Cent claimed the hacker made off with $300 million. That's a stretch. Data shows the token's market cap never came close to that figure.

This isn't the first celebrity crypto hack. Earlier this month, Hulk Hogan's Twitter was compromised. Hackers promoted a HULK token that saw $82 million in trading volume in one day.

The incident highlights the risks of celebrity-endorsed cryptocurrencies. It's a reminder to always do your own research before investing. Especially when you see a sudden, and thus suspicious, celebrity post about some coin you have never heard before.

The crypto world is still the Wild West, and you better remember about it at all times.

Alexey Bondarev is the Head of Content at Yellow.com, having reported on crypto for the last 10 years. He specializes in in-depth Research and Learn pieces, with a focus on analytical reporting, industry context, and the bigger forces shaping crypto, from the AI era and security technologies to fintech innovation. He believes that everything digital will imminently overcome everything analogue and is working hard to make that come true.