A Solana token identified by the address 5erj4fz47YLFZc677GNipfaK1G8UrwwPTyy9HPaMtLmk reportedly surged to 80M before rapidly collapsing in a rug pull (liquidity or funds abruptly removed). The move was characterized as a sophisticated social-engineering scam in the current meme-coin cycle. After traders failed to capture major gains from crypto-stock pairings, scammers were said to have revived an older tactic involving Elon Musk-related meme coins, where a reply from Musk can encourage buyers to enter quickly.