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Vivek Ramaswamy’s X Account Allegedly Hacked, Leads to USUAL Price Surge
In a stunning turn of events, it has been reported that the account associated with Vivek Ramaswamy, co-lead of the Department of Government Efficiency (D.O.G.E.), has allegedly been hacked. This shocking breach led to a surge in the value of USUAL, a four-month-old stablecoin project.
According to reports, an initial tweet emerged announcing a “strategic partnership” between Vivek Ramaswamy and the USUAL project that aimed to utilize cryptocurrency to reduce federal spending. The tweet claimed that this alliance would promote fiscal responsibility while also fostering greater financial inclusion.
This false announcement was seemingly taken at face value by many, as it sparked an unprecedented price surge in the USUAL token. Data from CoinGecko indicates that the cryptocurrency reached a new all-time high of $1.61, which subsequently led to its market cap swelling to nearly $745 million. Although the token has since retraced back to $1.48, this represents a significant 29.3% increase over the preceding 24 hours.
In addition to the dramatic price surge, USUAL also witnessed an extraordinary influx of trading volume. A staggering $1.7 billion worth of transactions were recorded within a single day, a testament to the immense interest in the project sparked by the alleged hack.
The controversy surrounding this incident has drawn attention to D.O.G.E., which is backed by Ramaswamy alongside Tesla CEO Elon Musk. While the initiative’s self-proclaimed goal is to streamline bureaucratic red tape and optimize federal spending, its acronym as well as associations with Musk have garnered significant speculation within the cryptocurrency community regarding potential connections to digital currencies.
It remains unclear whether Ramaswamy has made any official statements regarding this alleged breach at the time of publication.
Source: cryptopotato.com
