Metallica Twitter Hack and the Crypto Scam
Metallica’s official Twitter account suffered a hack recently and the page was used to promote a solana meme coin. The trading volume of the coin went over $10 million before it eventually collapsed. This further makes it clear that celebrity endorsements are themselves risk factors for scams and so is the safety situation and general vulnerability of high-profile accounts.
New social media features from the Solana Foundation
Solana Blinks (the Solana Foundation’s new move to enhance communications Between blockchains And Websites) has just been launched. This new tool allows users to make transactions on a website (such as X.com) or app without leaving it. It aims to promote a clearer and more empathetic blockchain interactions.
Moonshot: Meme Coins Vivify Yet Again
DexScreener has launched Moonshot, a token-based service which allows creators to make their own meme coins on Solana blockchain. More activity has come out of this platform now, and it can even be used to issue tokens with a fixed supply of 1 billion. Moonshot’s ease of use could help to popularize meme coins further and draw more people into the realm of cryptocurrencies.
The Solana ecosystem continues to develop and forge ahead, despite the risks of being hacked. New features are being introduced for its users; new platforms represent its position today in an evolving space.
