Doja Cat’s X Account Hacked to Promote Solana Meme Coin: $DOJA

In the ever-evolving world of cryptocurrency, celebrity endorsements—and breaches—can send ripples throughout the market. The latest incident involves rap superstar Doja Cat, whose X (formerly Twitter) account was reportedly hacked to promote a Solana-based meme coin called $DOJA. This incident follows similar breaches of other high-profile accounts, raising concerns about security and the potential for manipulation in the crypto space.

Doja Cat’s X Account Compromised: What Happened?

On a Monday evening, Doja Cat’s X account began posting crypto-related content, specifically promoting the $DOJA meme coin. The initial post included a link to a holding address, urging users to “buy $DOJA or else.” Over the next few hours, the hacker posted numerous times, even removing Doja Cat’s profile picture and description. The account, which boasts 5.6 million followers, quickly became a source of concern for vigilant Twitter users who flagged the activity as a hack.

Doja Cat swiftly responded via her Instagram account, informing her 24 million followers that she was not responsible for the suspicious posts.

The $DOJA Meme Coin: A Quick Overview

The $DOJA token, based on the Solana blockchain and traded on Raydium, experienced relatively subdued activity compared to previous celebrity-related meme coin incidents. Blockchain records indicate approximately 15,000 transactions, generating around $2.2 million in volume. While this is a substantial amount, it’s less dramatic than the surges seen in other similar cases.

A Growing Trend: Celebrities and Crypto Hacks

Doja Cat’s compromised account is part of a worrying trend. Several celebrities have recently had their social media accounts hacked to promote Solana-based meme coins. Notable examples include:

• Hulk Hogan: The wrestling icon’s Twitter account was hacked last month to promote a similar crypto scam.
• 50 Cent: The rapper’s account was also compromised to promote a meme coin.
• Metallica: Following 50 Cent, the rock band Metallica also faced a similar breach.

Iggy Azalea’s Response

Adding another layer to the story, the hacker also posted about Iggy Azalea, who is known for her engagement with crypto and her own $MOTHER meme coin. Azalea responded to the Doja Cat hack with a tweet stating, “Get rugged if yall want, but I’m cool with that girl in real life so yall fucked up with that tweet, hackers.”

Why Solana-Based Meme Coins?

The choice of Solana as the blockchain for these meme coins is notable. Solana offers faster transaction speeds and lower fees compared to Ethereum, making it an attractive option for meme coin creators and traders. However, this also means that scams can propagate more quickly.

What Can We Learn From This?

The repeated incidents of celebrity account hacks highlight several critical points:

• Security is Paramount: Celebrities and their teams need to prioritize account security, using strong, unique passwords and enabling two-factor authentication.
• Due Diligence is Essential: Before investing in any cryptocurrency, especially meme coins, investors should conduct thorough research and understand the risks involved.
• Be Wary of Celebrity Endorsements: A celebrity promoting a coin is not a guarantee of its legitimacy. Always exercise caution and skepticism.

The Bottom Line

The hacking of Doja Cat’s X account to promote the $DOJA meme coin is a stark reminder of the risks associated with cryptocurrency and social media. As the crypto landscape continues to evolve, vigilance, security, and informed decision-making are more important than ever. Don’t let the hype sway you; always do your own research and protect your investments.