SLINK Soared to an $82 Million Market Cap Before Collapsing as Robinhood Chain Scam Unfolded

SLINK Soared to an $82 Million Market Cap Before Collapsing as Robinhood Chain Scam Unfolded

N
News Editor
2026-09-05 07:05:11
A meme coin called SLINK on Robinhood Chain surged from a roughly $500,000 market cap to $82 million in about 30 minutes, then gave back the move within 45 minutes, according to a report by Foresight News. The outlet said the move was tied to a coordinated scam built around a compromised X account belonging to Shivon Zilis, Neuralink’s director of operations and special projects and the mother of several of Elon Musk’s children. Rather than posting a contract address outright, the operators appear to have staged a more elaborate setup by linking a newly created “experimental” account, @shivolink, to Zilis’ profile and pushing a story about a nonprofit MIT student project involving Neuralink-style brain-computer interface research. The scheme gained more traction after the compromised Zilis account quoted the post and, later, Musk replied with a “💯” under a related thread. Foresight News said on-chain data showed dozens of insider wallets selling near the top for combined profits of more than $4.7 million, while traders who bought on the perceived backing from Zilis and Musk took heavy losses after the posts were deleted and the token crashed.

A meme coin called SLINK (Shivolink) on Robinhood Chain briefly turned into an $82 million trade before collapsing, in what Foresight News described as a carefully staged scam that unfolded early on Sept. 5.

SLINK Soared to an $82 Million Market Cap Before Collapsing as Robinhood Chain Scam Unfolded 2

According to the report, SLINK’s market capitalization jumped from about $500,000 to $82 million in roughly 30 minutes, then fell back within another 45 minutes. On the surface, it looked like a familiar meme-coin spike and crash. Foresight News said the move was driven by a more sophisticated setup.

A real account, a fake project story

The central figure in the episode was Shivon Zilis. Foresight News identified her as Neuralink’s director of operations and special projects and the mother of several of Elon Musk’s children. Her X account, @shivon, has several hundred thousand followers and usually posts about brain-computer interface progress rather than crypto.

Foresight News said the people behind SLINK did not immediately push a contract address or an airdrop link after taking over the real account. Instead, they built context first. Zilis’ profile was updated to include the official Neuralink account and a newly registered “experimental account,” @shivolink, which the input says has since been suspended.

That account presented a story closely aligned with Neuralink’s public image. It claimed to be a nonprofit experiment led by MIT students in which multiple paralyzed patients with implanted chips could jointly operate a single account with their thoughts. To keep the experiment running, the post said, the project relied on token transaction taxes for funding, and it attached the SLINK contract address.

SLINK Soared to an $82 Million Market Cap Before Collapsing as Robinhood Chain Scam Unfolded 3

The quote post and Musk’s “💯” reply

The report said the compromised Shivon Zilis account then quoted that post with a line that made the pitch look more credible. In substance, it said she rarely posts crypto content apart from DOGE, but what these young people were building impressed her.

Project details were then added to the account description, and the account continued to repost and comment on related posts, giving the story more weight. Foresight News said even the operators may not have expected what happened next: Elon Musk himself replied with “💯” under a related post.

Foresight News wrote that Musk most likely was simply reacting to the idea of a brain-computer interface application and had not closely reviewed the content of the post. Even so, the interaction sharply amplified market attention.

From $500,000 to $82 million

Foresight News broke the move into two phases. After Zilis’ repost, SLINK’s market cap climbed from just above $500,000 to more than $6 million. After Musk’s “100 points” reply, it ran from more than $6 million to $82 million.

The peak did not last. Once the scam was identified and the related posts were deleted, the token quickly unraveled and the price crashed.

On-chain sales by insider wallets

On-chain data cited in the report showed that dozens of pre-positioned insider wallets sold near the top, making combined profits of more than $4.7 million. The highest returns reached more than 1,000x. At the same time, traders who entered with large positions after seeing what looked like “Musk interaction + Zilis endorsement” were hit with heavy losses.

Foresight News: social graphs are now attack surfaces

Foresight News framed the episode as a scam built around celebrity credibility and social connections. In its telling, the operators assembled a chain of signals that appeared to verify one another: a real executive account, links to an official brand, a Neuralink-style narrative, and then an unexpected interaction from Musk. Standard monitoring tools or AI filters could easily rate that package as highly credible, which would speed up FOMO.

The report ended with a warning for traders following celebrity-driven meme cycles. Social graphs themselves have become assets that can be attacked, and stories that look especially complete and easy to verify may deserve more scrutiny.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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