NBA's official account hacked to shill a Solana token; developers pulled the rug at $40K

- The NBA's official Instagram account was hacked, and the attackers promoted a Solana-based meme token without disclosing a contract audit or locking the initial liquidity.

- The pool reached $40K before liquidity was pulled in a rug pull. The community didn't follow the hype, and nearly all buying came from sniper bots.

These hacked social media accounts shilling shitcoins can no longer bring fresh money onto Solana. In the short term, the market is still at the mercy of sentiment. If BTC can't hold steady, any SOL bounce is a chance to reduce your position. Would you still dare to buy a new Solana token promoted through a hacked social media account?

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