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When a WeChat account is hacked, multiple insiders have already positioned themselves in advance for a related meme coin, Mubarakah.
BlockBeats News, December 10th, according to GMGN monitoring, Binance's co-CEO He Yi's WeChat account was hacked, and Mubarakah-related content was reposted. As a result, Mubarakah's market cap briefly exceeded 8 million US dollars, rising from 0.001 US dollars to 0.008 US dollars, and has since fallen significantly. The current Mubarakah market cap is temporarily reported at 3.1 million US dollars, with a current price of approximately 0.003 US dollars. According to screenshots provided by several KOLs, Mubarakah began to rise minutes before He Yi's post, indicating that several insider trading addresses had pre-positioned.
BlockBeats reminds users that meme coin trading is highly volatile, largely driven by market sentiment and hype, with no real value or use case. Investors should be aware of the risks.
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