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Lookonchain: $SLINK token surged to $80M MC after Shivon Zilis reposted its contract address and Elon Musk replied, then crashed 80%+ after Zilis deleted the post, with insiders making $4.7M+
Blockchain analytics firm Lookonchain reported that the $SLINK token's market capitalization briefly soared to $80 million after Shivon Zilis, a Neuralink executive, reposted a message containing the token's contract address, which was then replied to by Elon Musk. Following Zilis's deletion of the post, $SLINK's value plummeted by over 80%. Lookonchain's monitoring revealed that more than 30 insider wallets had bought the token early and sold quickly, generating profits exceeding $4.7 million, representing a return of over 1,200x, while many other traders incurred significant losses.
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