Dior coin crashes 90% after Dior recovers hacked account

The Dior part fell by more than 90% after being revealed to be a false piece of solana memes promoted by a hacker on the official Dior account.

On February 19, the official Instagram account For the luxury brand, Dior has downloaded a position promoting a Solana (GROUND)) the same corner Nicknamed Dior’s official play alongside a pump address. The position was shared with the 46.8 million followers of the fashion account.

Many users of the comments section quickly suspected that the account was hacked, while others joked on the Instagram administrator needing money.

“Dior official corner. The exclusive luxury crypto on Pumpfun, secure, innovative and ready for the future, “wrote the pirate on the legend of the post, accompanied by an image of the Dior logo on a black backdrop with the Solana logo that is looming above.

The position disappeared shortly after recovery of the account. At the time of writing the editorial staff, the luxury brand has not always published any official declaration recognizing the hacking of social media.

According to data From geckoterminal, the Dior piece was launched on Solana via the popular Pump Launchpad Pump. In the past 24 hours, the false piece of memes Dior has accumulated a commercial volume of more than a million dollars.

After recovery of the account and the position was deleted, the Dior part took a step. The token is currently down more than 90%, with only a slight increase of 2% in the last hour. Currently, there are about 876 traders who still hang on to the memes piece.

The Dior part has a low liquidity of $ 8,730 and a fully diluted volume of $ 6,430. Its market capitalization has once reached beyond $ 280,000, but it now amounts to $ 6,430. According to the description of the token, the false piece of memes claims to be an “exclusive token” which is aimed at the faithful buyers of Dior.

“Dior Coin is there to shake the world of cryptography! This exclusive token, launched on Pump.fun, brings a touch of luxury to the digital space. It is not a question of doing Dior shopping, but of having a piece of the future in style ”, reads the description.

Earlier this month, the X account of Solana Dex Jupiter’s Solana Dex experienced hack. The account was diverted by crooks to promote a false piece of memes inspired by Jupiter’s cat mascot called Meow.