The market cap of meme coin GIGA experienced a significant drop from $614.76 million to $92.1 million, leading to suspicions of a pump-and-dump scheme. However, one trader claimed that his wallets were drained by a malware attack. GIGA's market has partly recovered to $545 million, but the drop triggered a bearish trend. A single selloff was identified as the cause of the dramatic fall, leading many to question the influence of a single user. The trader who claimed to be the victim of a malware attack has previously posted about GIGA's potential and has been vouched for by another meme coin trader. The sale of 85 million GIGA tokens resulted in $2.09 million in gains instead of the expected $6 million. Despite the event, GIGA's current market cap remains higher than at the beginning of the month, but community confidence has been temporarily shaken.



Other News from Today