The Dior coin suffered a dramatic 90% collapse after being exposed as a fraudulent Solana-based meme coin. The project was falsely promoted through Dior\u2019s official Instagram account, which had been compromised by hackers.<\/p>\n\n\n\n
On February 19, a post appeared on Dior\u2019s official Instagram, introducing the \u201cDior Official Coin\u201d and directing users to a pump.fun address for token access. Shared with the luxury brand\u2019s 46.8 million followers, the post positioned the token as an \u201cexclusive luxury crypto.\u201d<\/p>\n\n\n\n
Users quickly speculated that Dior\u2019s account had been hacked, with some joking about the brand\u2019s admin needing money. The post, featuring the Dior logo alongside Solana\u2019s emblem, was deleted after the account was recovered. As of now, Dior has not issued any official statements regarding the security breach.<\/p>\n\n\n\n
The Dior meme coin was launched on pump.fun and surged 138% within minutes of its release. Within 24 hours, trading volume exceeded $1 million, drawing significant speculation and trading activity.<\/p>\n\n\n\n
Following the account recovery and deletion of the fraudulent post, the Dior coin\u2019s price plummeted over 90%. Despite a minor 2% uptick in the past hour, the token\u2019s liquidity remains critically low at just $8,730, with a fully diluted volume of $6,430. At its peak, the market cap surpassed $280,000 but has now dwindled to $6,430. Currently, around 876 traders still hold the token.<\/p>\n\n\n\n
The coin\u2019s description falsely presented it as an \u201cexclusive token\u201d catering to Dior\u2019s loyal shoppers. \u201cDior Coin is here to shake up the crypto world! This exclusive token, launched on Pump.fun, brings a touch of luxury to the digital space,\u201d the description claimed.<\/p>\n\n\n\n
This incident follows a similar attack earlier this month on the X account of Solana DEX aggregator Jupiter. Hackers took control of the account to promote a fake meme coin inspired by Jupiter\u2019s cat mascot, called MEOW.<\/p>\n\n\n\n
The Dior coin saga highlights the increasing trend of hackers targeting reputable brands to push fraudulent crypto schemes. The incident underscores the importance of verifying token legitimacy before investing, especially in the rapidly evolving meme coin space.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Dior coin suffered a dramatic 90% collapse after being exposed as a fraudulent Solana-based meme coin. The project was falsely promoted through Dior\u2019s official Instagram account, which had been compromised by hackers. On February 19, a post appeared on Dior\u2019s official Instagram, introducing the \u201cDior Official Coin\u201d and directing users to a pump.fun address…<\/p>\n","protected":false},"author":3,"featured_media":5552,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[86,119,89],"class_list":["post-5551","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-market","tag-memecoin","tag-solana"],"yoast_head":"\n