Doja Cat’s X account promoted a Solana memecoin called ‘DOJA,’ but the rapper reportedly claimed that her account was hacked.
The X account of rapper Doja Cat was hacked on July 8 and used to promote a scam token bearing the rapper’s name, according to a report from celebrity news account Daily Trends. Celebrity news site The Daily Mail also reported that Doja Cat was hacked and used to make negative posts about fellow rapper Iggy Azalea.
The scam token, “Doja Cat ,” reached a market cap of $1.65 million after being promoted via the hacked account. It subsequently fell to a market cap of $16,820, causing investors losses of over $1.63 million.an image of the now-deleted scam tweet. It contains an image of Doja Cat wearing a suit of armor and brandishing a sword. Above the image is “buy $DOJA or else,” followed by the token’s Solana contract address.
Below the image is a negative statement about fellow rapper Iggy Azalea, who recently launched her own celebrity memecoin, MOTHER. The statement urges readers again to “buy DOJA.”The Daily Trends post also contains a video reportedly from Doja Cat herself. In the video, she appears to claim that the deleted post is not from her. “It is not me!” she states, “it is literally an imposter!” She adds, “Guys, do not believe whatever that was, OK. It was someone else.
In the following hour, its price fell to $0.00007352. At the time of publication, the token sits at $0.00001682, implying a market cap of just $16,820, for a total loss to investors of over $1.63 million.A spate of newly released celebrity memecoins hit the market over the past few months, most of which declined by 90% or more within the first few hours after launch. Legal experts have claimed that these coinsand enforcement from the U.S. Securities and Exchange Commission.
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