$The X account @GCRClassic of the well-known trader GCR was hacked and posted a series of tweets about which tokens he was buying, including "currently heavily holding ORDI", which caused the price of ORDI to rise from around 38 USDT to 44.5 USDT in the short term and then fall back. On-chain reconnaissance shows that this matter may be related to the Meme coin CAT team Sol. A few minutes before the hacker attack, an address related to the Sol team opened a $2.3 million ORDI and $1 million ETHFI long position on the decentralized derivatives trading platform Hyperliquid. In addition, the hacker may have traded perpetual products on CEX, but only made $30,000.
This incident once again highlights the long-standing problems in the circle. As a legendary trader with a good reputation, GCR's influence is indeed great, but is this extreme influence beneficial to the industry? On the other hand, the "horse-grabbing" plot of Kardashian's stepfather Caitlyn Jenner releasing the meme coin JENNER also sparked heated discussions on CT. On-chain detective Roxo pointed out that Caitlyn Jenner's account was not stolen, but was manipulated by Sahil Arora's "social engineering". The lesson we can learn from these events is that hackers are using KOLs to launch attacks. In addition, the degree of manipulation of Meme coins may be the same as that of VC coins, or even higher.