Daily

According to reports from celebrity news sources Daily Trends, rapper Doja Cat’s X account was hacked on July 8 to promote a scam crypto token bearing her name&nbsp;
The fake token, “$DOJA,” saw a rapid increase in value following its promotion through the hacked account. Market data indicates that the token’s market capitalization peaked at $1.65 million shortly after the launch.
However, this surge was short-lived, with the value plummeting to $16,820 within hours, resulting in investors losing over $1.63 million.
The Daily Trends shared evidence of the scam, posting an image of the now-deleted X post from Doja Cat’s account. The post featured an image of the rapper in armor while holding a sword, with the message “buy $DOJA or else” followed by a Solana contract address.&nbsp;
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Doja Cat Has Been Hacked On X She Explained In New Video The Moment She Saw That Her Account Got Hacked And Spreading <a href="https://t.co/HMU9esEJol" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/HMU9esEJol</a>— Daily Trends (@trends_dailyU) <a href="https://twitter.com/trends_dailyU/status/1810487665575501925?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 9, 2024</a>
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The hacked account also threw shade at fellow rapper Iggy Azalea, who recently launched her own celebrity memecoin called <a href="https://www.cryptotimes.io/2024/05/30/iggy-azaleas-mother-coin-faces-insider-trading-scandal/" rel="noopener noreferrer nofollow">MOTHER</a>.
However, Iggy Azalea commented on the situation, affirming her real-life friendship with Doja Cat and dismissing the legitimacy of the hacked posts. “Get rugged if yall want but I’m cool w that girl irl so yall f**d up w that tweet hackers,” she posted on her X account.
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 Get rugged if yall want but I’m cool w that girl irl so yall fucked up w that tweet hackers. 😹🤷‍♀️— IGGY AZALEA (@IGGYAZALEA) <a href="https://twitter.com/IGGYAZALEA/status/1810444855749005622?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 8, 2024</a>
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According to data from DEXScreener, the “Doja Cat” (DOJA) token on the Solana blockchain reached a high of $0.001656 within the first hour of its launch. With a total supply of 1 billion coins, this peak price implied a market capitalization of $1.656 million.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdOwJZBZXhXw4U9R2ErdFkSv7gv8lTvt6G34T4IdEGc39ogFiqV8niuKWgEUJnZFJh0Jai9EkX0LEj42uWd_UA_BQANzsXIRog1gs2RUYTp9fnu0BmDvw1EbiigouUtaPog_TQQCCF_17XyNMJu37_QVKc?key=BmY7QGyDdSovTefb76k6vA" alt="AD 4nXdOwJZBZXhXw4U9R2ErdFkSv7gv8lTvt6G34T4IdEGc39ogFiqV8niuKWgEUJnZFJh0Jai9EkX0LEj42uWd UA BQANzsXIRog1gs2RUYTp9fnu0BmDvw1EbiigouUtaPog TQQCCF 17XyNMJu37 QVKc?key=BmY7QGyDdSovTefb76k6vA">
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$DOJA price chart| Source: <a href="https://dexscreener.com/solana/c9xdy8hdephl3laj3mhff6nnozcfwxuxvebchujtljw6" target="_blank" rel="noopener noreferrer nofollow">DEXScreener</a>
However, in the following hour, the token’s price dropped dramatically. At the time of reporting, the token’s value had further decreased to $0.00002413, resulting in a big loss for investors.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/07/03/user-loses-240000-in-nfts-to-blur-marketplace-hack/" rel="noopener noreferrer nofollow">User Loses $240,000 in NFTs to Blur Marketplace Hack</a>
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Doja Cat’s X Account Hacked to Promote Scam Token “$DOJA”

The Crypto Times

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