Share this article
Eric Semler's X Account Hacked, Promotes Solana-Based Token
The token, trading under the ticker symbol SMLR, saw a 300% rise after launch but then plummeted.
Feb 12, 2025, 12:35 p.m.
The X account of Semler Scientific chairman Eric Semler has seemingly been compromised, with various posts from it pointing to the supposed creation of a Solana-based token under the same trading symbol that the firm trades under at Nasdaq.
The account shared a post suggesting that the token is looking to bridge "institutional-grade Bitcoin exposure to a high-performance ecosystem with deep liquidity and low fees" by launching the token on Solana.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Other posts suggest a large percentage of the token's supply has been sent to leading cryptocurrency exchanges.
A newly launched token trading on Solana-based decentralized exchange Raydium under the ticker symbol SMLR, whose address matches the one sent to the hacked account's posts, saw a 300% rise after launch before seeing a massive plunge.
Advertisement
The token is now down 77% from its peak, according to DEXScreener data.
CoinDesk has reached out to Semler Scientific for comment.
Больше для вас
Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
Что нужно знать:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
Top Stories
