TechFlow news: McDonald's official Instagram account was疑似 hacked this morning and used to promote a Solana-based meme coin named GRIMACE. According to data from Pump.fun, the coin's market cap plummeted from around $20 million to below $1 million in a short time. The hacker mentioned a "rug pull" on McDonald's Instagram profile and claimed to have obtained "700K in Solana."
This incident occurred amid volatility in the Solana meme coin market. Since its launch in January, Pump.fun has facilitated the creation of over 1.8 million meme coins and recently accumulated nearly $100 million in revenue.
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