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Over the past week, over $300 million in tokens, including more than $200 million from Ethereum, have been bridged to Solana, driven by its lower transaction fees, speed upgrades, and attractive DeFi staking yields. This surge reflects a growing interest in Solana's interoperability and investment opportunities compared to Ethereum. In a separate incident, a meme coin linked to Drake's compromised X account surged to $4.9 million in trading volume, only to be revealed as a scam, highlighting the risks associated with celebrity endorsements in the crypto space.
Drake's X account was reportedly hacked, promoting a fraudulent Solana memecoin named "$ANITA," inspired by his cartoon alter ego, Anita Max Wynn. The scam claimed a partnership with Stake, Drake's preferred crypto betting platform, and generated $5 million in trading volume before being exposed. This incident follows a series of high-profile hacks targeting celebrity accounts, including those of Cardi B and Doja Cat.
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