Musk suspected of mistaken reply as SLINK market cap tops $40 million, collapses

  • Musk replied to posts from the apparently hacked @shivon account about SLINK.
  • $40 million was briefly exceeded in SLINK's market capitalization before its collapse.
  • @shivon deleted the posts, and the account was suspected of being hacked.

SLINK, a token linked to the SLINK project, briefly exceeded a $40 million market capitalization after Musk replied with a 100 emoji to posts from the apparently hacked @shivon account. The response fueled speculation that Musk supported the project, but the token then collapsed to zero. Trader Aurelius0121 said he bought about $250,000 of SLINK after seeing Musk and @shivon interact, believing Musk was backing a project associated with his romantic partner, and lost the entire amount. Arkham disclosed the incident, while @shivon later deleted the relevant posts. Shivon Zilis is a Canadian technology executive and venture capitalist who serves as operations and special projects director at Musk's brain-computer-interface company Neuralink and is the mother of multiple Musk children.

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