- A trader lost 26,820 USDC in less than two minutes on Thursday morning.
- The trader fell for a hacker’s fake news intended to manipulate the market.
- TRUMP surged 20% over a short period but lost the gains almost immediately.
An unidentified trader lost 26,820 USDC in less than two minutes on Thursday morning after a fake bullish signal on the TRUMP memecoin.
According to reports, the trader withdrew 504,820 USDC from the Binance crypto exchange to buy TRUMP following news about the memecoin. He sold the tokens shortly after realizing the news was false but had already recorded a significant loss.
TODAY: A trader withdrew 504,820 $USDC from Binance to buy TRUMP after Tier10k’s hacked account posted fake news about the memecoin, according to Lookonchain.
He sold the token after the news was confirmed to be fake and lost 26,820 $USDC in just 2 minutes. pic.twitter.com/sHny7IjuiJ
— Cointelegraph (@Cointelegraph) March 13, 2025
The positive news about TRUMP emerged on an X account with the handle Tier10k, known for posting reliable updates in the cryptocurrency industry. Typical of the X account, it was flooded with crypto-related news, later discovered t…
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