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Vivek Ramaswamy’s X Account Allegedly Hacked, Leads to USUAL Price Surge
A sudden and unexpected surge in the value of a prominent cryptocurrency has led to widespread speculation within the industry. The spike in price is attributed to alleged hacking of Vivek Ramaswamy’s Twitter account, resulting in misinformation that sent shockwaves throughout the digital asset market.
According to reports, a fake tweet from Vivek Ramaswamy announced a supposed “strategic partnership” with the USUAL stablecoin project. The tweet claimed that this collaboration would enable the integration of innovative financial solutions and optimize government spending. The post went viral, garnering over 40,000 views before being deleted.
Notably, prominent fund manager James Fishback took to Twitter to clarify the situation, stating that he had spoken with Ramaswamy himself, who confirmed that his account had been hacked and that the tweet was indeed a scam. However, the damage had already been done, as USUAL’s governance token surged dramatically in value.
The cryptocurrency reached an all-time high of $1.61 shortly after the fake announcement, resulting in a market capitalization of nearly $745 million. Although it has since retraced to $1.48, its 24-hour gain is still impressive at 29.3%.
This sudden price surge raises questions about the impact of misinformation and social media hacking on the cryptocurrency space. The incident highlights the vulnerability of influential figures’ accounts to cyber attacks and the potential consequences for digital asset markets.
It remains unclear whether Ramaswamy has issued any official statements regarding the alleged hack, but the situation is set to continue captivating the attention of the crypto community in the coming days.
Source: cryptopotato.com
