ANITA surged to $4.9 million in trading volume after being tied to Drake's upcoming tour.
Drake's X account was hacked on Dec. 15, leading to the promotion of the meme coin Anita to his 39 million followers.
The meme coin was falsely claimed to be created in partnership with betting platform Stake, a brand associated with Drake.
Analysis by crypto experts like Zachxbt revealed the meme coin to be a scam despite its initial surge in trading volume.
Other celebrities, such as Cardi B, Doja Cat, and Halley Welch, have also been victims of similar hacks or scams in the crypto space.
Source: crypto.news