• Hackers hijacked Wiz Khalifa’s X account to promote the $WIZ memecoin
• Celebrity-themed memecoins often lead to scams as hackers exploit high-profile accounts

In a surprising twist, rapper Wiz Khalifa’s X account became the target of hackers promoting a memecoin called $WIZ through pump.fun. According to blockchain investigator ZachXBT, the hackers may be the same ones who previously took control of Truth Terminal founder’s X account.

Wiz Khalifa’s account hacked

During the brief period before the post was deleted, Khalifa’s hijacked account promoted the $WIZ token, creating significant buzz among followers.

The hackers noted, 

 “The rapper is working with my team to drop $WIZ for all the crypto fans.” 

This led to a brief surge in WIZ memecoin’s value, with the same peaking at a valuation of $3.4 million within its first 15 minutes.

However, this high didn’t last. Within the following hour, the token’s market cap plummeted to under $28,000 as early investors rapidly sold off their holdings. At the time of writing, WIZ was trading at around $8,400, marking a steep 93.67% decline in the last 24 hours, according to DEX Screener.

This rapid rise and fall highlighted a classic pump-and-dump pattern common with scam tokens.

ZachXBT issues a word of caution

As expected, blockchain investigator ZachXBT alerted the community via a Telegram channel, sharing a screenshot of a deleted post from Khalifa’s X account.

ZachXBT warned traders about the pump.fun memecoin WIZ, suspecting that a scammer compromised Khalifa’s account to promote fraudulent tokens.

He said, 

“Do not buy th

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Author: Ishika Kumari