Shady SOL Meme Coins Pushed on WIF's Hacked X Account

The incident occurred when an actor took over WIF's X account and offloaded a series of tweets in relation to unknown meme coins minted on Pump.Fun.

Blockchain sleuths are on high alert after one of Solana’s (SOL) largest meme coins, Dogwifhat (WIF), was subject to a hacking incident on X.

Suspect SOL Meme Coins Shill From WIF's Corner

The incident unfolded as an actor seized control of WIF’s X account and fired off a volley of tweets pertaining to obscure meme coins minted on Pump.Fun. The fraudster disseminated contract addresses for MUU, PopWifNut (POPWNUT), DogWifDoge (WIFD), and other outlandish merges stemming from popular blue-chip meme coin names.

zachxbt

@zachxbt

Suspect SOL meme coins pushed on WIF's corner.

These shady tokens spiked (mins) after launch then rugged, dropping 90%+.

The tweets were later deleted, and no mention of the hacking incident has been made by Dogwifhat's staff.

Andrew Tate’s signature meme coin was also included in one of the tweets, prompting crypto enthusiasts on X to level accusations. One of the first to detect the security breach was Harpie, a Web3 security platform, which issued a warning not to interact with Dogwifhat's X account due to the detection of malicious coin promotion.

Can Dogwifhat's (WIF) $5 Dream Still Materialize?

As the total financial losses incurred by the hack are yet to be fully realized, the Dogwifhat meme coin appeared unperturbed by the controversy, registering a 3% decline in 24 hours amid a crypto market correction. Over the past week, WIF logged 55% gains, rallying back above $4 for the first time since April’s bull run.

WIF last traded hands at $3.64, amassing a 68.8% fortune over the past two weeks. However, a 4% crypto market correction on Saturday distanced Solana’s largest canine crypto over 25% from its all-time high fetched on March 31, 2024, at $4.83.

Dogwifhat's $5 price target could come into closer view if large investors return to bolster their positions. On the present occasion, the True Strength Index (TSI) oscillated between 22.86 and 14.55, signaling bullish momentum, while the large money investor inflow index, otherwise known as Chaikin Money Flow (CMF), has been trending above 0 since November 6, 2024, corresponding with WIF’s price rally to a new three-month peak at $4.29.

On the other hand, the technicals showcased a waning bullish力はweak with the 14-day Relative Strength Index (RSI) at 44.08. This indicated that the recent price decline could continue if large investors fail to return. At the same time, the Bollinger Bands were converging, suggesting that a breakout could occur soon.

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