On May 26, a series of hacks compromised several X accounts belonging to crypto influencers and celebrities, promoting various coins and causing short-lived price surges. One prominent target was GCR, whose account was hacked and used to post promotional content for ORDI and Luna 2.0.Â
This led to brief price increases of over 5% for ORDI and an astonishing 274% for Luna2.0. The analyst noted that the hackerâs choice of promoting ORDI, which has a market cap of $856 million, was less effective for potential gains than a microcap coin. The incidents highlighted vulnerabilities in account security within the crypto community.Â
The GCR X Account Hack
On May 26, the X account of GCR, boasting over 247,900 followers, was compromised. The hacked account posted promotional content for ORDI and Luna2.0, leading to brief price increases of 6% for ORDI and an astonishing 274% for Luna2.0. This incident is part of a more significant wave of attacks on celebrity X accounts, as suggested by the crypto community.Â
Bitcoin developer Udi Wertheimer indicated that GCR had previously warned of an ongoing operation targeting high-profile Twitter accounts. With niche celebrities launching meme coins and platform engineers potentially unavailable during long weekends, heightened vigilance is recommended.
Rich The Kid Persuades Followers to Buy RICH
American rapper Rich The Kidâs X account, with 2.3 million followers, posted a link encouraging the purchase of a new token called âRICH,â created using the Solana-based meme coin tool pump.fun. Within two hours of its launch, RICH achieved a market cap of $90,000.Â
Although there has been no official confirmation of a hack on Rich The Kidâs account, the promotional post for the token has since been removed.
Caitlyn Jenner or a Deepfake Video
The X account of American media personality Caitlyn Jenner recently endorsed a new meme coin called âJENNER,â which has quickly amassed a market cap of $27.1 million within approximately eight hours of its launch, as reported by DEX Screener.
Debate within industry circles has arisen regarding the authenticity of a promotional video featuring Jenner endorsing the coin, with some speculating it might be a deepfake. However, both Jenner and her manager, Sophia Hutchins, have affirmed the legitimacy of the posts and videos.Â
Furthermore, the promotion of the JENNER coin extended to Jennerâs Instagram accounts, with Hutchins subsequently hosting an X space on Jennerâs account to reiterate the absence of any deepfake involvement.
In the video, Jenner directly addressed her 3.3 million X followers, affirming the authenticity of the cryptocurrency promotion and urging swift action: âYes, this crypto on my account is real. If you wanna get in on this, get in a hurry, OK, get in right now.â
The JENNER tokenâs launch also occurred on pump.fun. Notably, the crypto wallet shared by Jenner matches that of adult content creator Kazumi, who was also purportedly hacked while endorsing the coin âZUMIâ on May 20.
Industry pundits have raised concerns regarding the alleged ties between JENNER and other tokens like RICH, DOLL, and SOULJA. However, Hutchins asserted that Jennerâs team was unaware of such associations when questioned in the X spaces.
Trending Coin 5thScape Attracts Crypto WhalesÂ
While hackers have targeted crypto influencers and celebs X account for exponentially increasing the value of crypto coins, 5thScape stands different. It is the first AR/VR-based crypto ecosystem with hyper-realistic games and educational resources.Â
Crypto whales aim to make the most underrated investments and be mum until they come out quite profitable. Yet sources suggest that owing to its potential and 14-5% price appreciation usually, they are looking forward to it.Â
>>Click Here to Visit 5thScape Presale Page
The 5thScape ecosystemâs 5SCAPE utility and transaction coin is presently in the presale phase. It will bring a whole VR environment, several VR associate games, and cutting-edge accessories, including chairs and headsets.
Besides, the trending AR/VR Coin has already raised $6.1 million within its first preliminary phase, demonstrating its huge potential. Token holders can purchase games using 5SCAPE tokens, which are further beneficial for in-game purchases, subscriptions, and other products in the 5thScape universe.Â
It has a vast ecosystem support, wherein its scope extends beyond gaming. Crypto analysts also reveal that early investors would reap 600x profits by 2025. Additionally, token buyers will receive many advantages, such as:
Exclusive discounts on products and contentÂ
Free access to hyper-realistic gamesÂ
Preliminary access to a VR ecosystemÂ
Dual earning opportunities through the Play to Earn ecosystem and coin tradingÂ
Analysis Suggests 5thScape Price Prediction in 2024
The recently announced 5thScape project is currently in the presale phase and has shown exponential price increments since then. This project is progressing with developing two important virtual reality sports games while offering teasers for three more. Soon, it will begin producing the third one.
The study indicates that between 2022 and 2025, the VR market will increase by about 22.91% annually. The moment is suitable for investors to seize the 5SCAPE token to control the market and create a robust ecosystem and community. Furthermore, it is predicted that the VR gaming business will expand even faster, with a 36% compound annual growth rate (CAGR) between 2023 and 2030.
Our forecast for the 5thScape price in 2024 is an average of $0.0107 and a high of $0.0109, with a low of $0.0045 when early presale investors take profits.
The Final Verdict
The crypto influencers and celeb X accountâs hack underscores the vulnerabilities inherent in account security within the crypto space. It highlights the need for greater vigilance among both influencers and their followers.Â
As hackers continue to adapt their tactics and exploit emerging trends, exercising caution when engaging with cryptocurrency promotions is imperative.Â
This would help safeguard you against potential risks and mitigate the impact of future attacks. Amidst the chaos, what stops you from seizing the opportunity to invest in 5SCAPE for maximum profits?Â
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