ChainCatcher reported that, according to Onchain Lens monitoring, after Elon Musk responded to a SLINK post published from Shivon Zilis' hacked account, a wave of traders flooded into the token. Within a short period, four traders incurred losses totaling about $807,000. The $SLINK token's market capitalization briefly surged to roughly $80 million before plummeting to around $2 million, representing a decline of more than 97% from its peak.

SLINK Token Crashes 97% After Musk Reply, Four Traders Lose $807K
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News EditorAccording to ChainCatcher, after Elon Musk replied to a post about SLINK from Shivon Zilis' compromised account, multiple traders rushed into the token. Its market cap briefly hit $80 million before collapsing to $2 million, a drop of over 97%. Four traders alone lost approximately $807,000.
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